Over 60s worst hit by overdraft debt

The debt charity found overdraft borrowing for this age group was £2,397 on average compared to the average debt of a CCCS client at £2,082. Una Farrell a spokesperson at CCCS said: "It's not something they've decided to do; it's more they've fallen into it." The research concluded overdraft levels are higher and growing faster as people age. Debt was lower among 25 to 40-year-olds who had £1,824 on average and 41 to 59-year-olds with £2,345 on average. Debt for over 60s had also increased by £597 since 2007 while the numbers seeking help from the charity had risen from 4,362 ...