Around six million people in Britain are unsure how they will afford rent or mortgage payments in retirement.
Around six million Britons are reportedly uncertain about their ability to afford rent or mortgage payments once they retire. This comes as more people are said to be entering the housing market later in life and securing longer mortgage agreements.
The trend suggests an increasing number of individuals will face ongoing housing costs during their retirement.
What this means for you: If you are planning for retirement, you may need to consider how you will cover housing costs, particularly if you are taking out a longer mortgage or anticipate renting in later life.
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