Fretting over-50s
09 May 2008
Research carried out by Liverpool Victoria has revealed that around two-thirds of the over-50s fear they face an impoverished retirement. Their concerns are so common that experts have come up with a name for them. They are Freds, which stands for Facing Retirement Earning DoubtS.
An estimated 6.5million 'Freds' say the economic crunch has made them increasingly anxious about their financial security with soaring food prices and energy bills to be the biggest concerns. Of the 1,655 over-50s involved in the research, 77 per cent said these inflation-busting bills posed a very real threat to their retirement income.
