Figures from Investec Private Bank show that the number of women in the UK who share similar concerns about their financial future has risen by around 600,000 over the course of the last 14 months.
Furthermore, the proportion of British women who would now admitting to being worried about how they will stay debt free and support themselves though retirement has now reached 54 per cent, Investec’s research demonstrates.
“This research shows that women must consider their retirement planning carefully,” said Linda McBain, head of banking and treasury at Investec Private Bank.
Last month, a study from the Consumer Credit Counselling Service suggested that the burden of Britain’s debt management
difficulties looks likely to increasingly fall on more elderly generations.