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Paul Lewis on Debt in Retirement

Financial journalist Paul Lewis explains how people living in debt and planning for retirement should not ignore the problem as the debt will increase.

He recognises that circumstances such as divorce, bereavement, disabilities and illnesses can all contribute to debt problems, and encourages people to address their debts before their situation worsens.

Lewis believes the best way to deal with debt is to use all the help that is available, however it is important to stay away from advertising that promotes debt advice services.

Lewis suggests that those in debt should call a company called Age UK who specialise in helping those who are approaching retirement to manage their debt.

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  • Thanks to Nick for sourcing us a speaker at such short notice. Investec

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