Older people turning to DIY to avoid debt?

Individuals over the age of 50 could be attempting to carry out home improvement duties themselves in an attempt to stave off debt worries.

Saga Home Insurance has released new figures that reveal a quarter of people in this age bracket would rather save money by performing DIY than pay a professional to come in and do the job.

This is a rise of 14 per cent when compared with the same time 12 months earlier.

However, around 20 per cent admitted they sometimes attempt a task without being certain they can effectively carry it out, which could lead to a DIY disaster and extra payment to get it fixed.

Almost three quarters of adults in the UK admitted they have had to sort out a problem that was caused by DIY mistakes.

MGM Advantage recently released figures that showed many people are fearful for their financial situation once they retire.

By Joe Shervin