💨 Abstract

In the UK, many over-50s face significant mortgage debt into retirement, creating a 'postcode lottery' based on regional disparities. Northern Ireland and the North West of England have high percentages of older adults still paying mortgages, with substantial average debts. Londoners deal with low home ownership, high living costs, and financial anxiety. Scotland has high debt levels among the over-50s. The study highlights how financial stress in retirement varies widely across the UK.

Courtesy: Josh Milton