Spending on luxuries in retirement

The reality of living on a pension is taking new retirees by surprise

The reality of living on a pension is taking new retirees by surprise, with many under-budgeting their first five years of retirement and overspending by an average of £6,500, according to LV=. This is leading to a surge in older retirees taking out new credit or extending previous credit commitments. Continue reading “Spending on luxuries in retirement”