Pensioners worst hit by credit crunch

At the other end of the age scale however, only 55.7% of the 16-24s were shown to be adopting a more cautious attitude to their spending. The study, which focused on British adults over the age of 16 and forms part of the Credit Crunch Britain series, revealed a correlation between increasing age and a greater likelihood of cutting back in the intermediate age groups. It found 57.8% of 25-34s were affected by worsening economic conditions, while 72.6% of 35-44 year olds and 76% of 45-54 year olds were also shown to be reducing their outgoings since the start of the credit crunch. The w...