Dossier
over-55s
Coverage of over-55s in the Nexus archive.
- More over-55s tap homes for retirement, borrowing £113,779 on average
Over-55s are increasingly borrowing against their homes for retirement, with an average loan amount of £113,779. The trend highlights a shift in financial strategies for older adults seeking retirement funds.
- A quarter of over-55s have never discussed inheritance plans with family
A quarter of people over 55 have never discussed inheritance plans with their family. The statistic highlights a potential gap in intergenerational financial communication.