Check If You Qualify

Debt Worries Mounting Up for People Aged 45 to 54

Sharon McDougall - 6th May 2021 - 2 minutes to read

A sizable majority of people in the UK aged between 45 and 54 have found themselves worrying about their debts during the pandemic and for many those issues are getting worse.

That’s according to research carried out recently by the insurance company Aviva, which found that concerns about debt are now very widespread among people from that particular age bracket.

Around 78 per cent of 45 to 54 year olds say they worry about their debts, with just over 20 per cent of those people saying they now worry about debt ‘often’ or ‘all the time’.

Around a fifth of Brits in that age bracket also say they think about their financial issues every day and just over a third of those who have debts say they aren’t sure how they’ll ever get out of the red.

While many people do seek out help in dealing with their personal finances, around a quarter of the 45 to 54 year olds polled recently by Aviva said they don’t discuss their money worries with anyone.

For a lot of employed people who maintained their incomes during the pandemic, the past year or so has been a chance to save money but for others the circumstances have been notably less favourable.

Around a quarter of the respondents to Aviva’s polling indicated that their debts had increased to a lesser or greater extent over the course of the past 12 months.

Of the people who said their personal debts are out of control, many blamed a reduced income but others conceded that their own lack of financial skills has been a factor contributing to their situation.

Reflecting on his company’s research and its findings, Alistair McQueen from Aviva emphasised that there is help available to people across the UK who find themselves struggling with personal debts.

“We know that when people feel their debt is out of control it causes huge anxiety,” he commented in a statement.

“What’s important to remember is that there is a range of completely free, confidential and impartial services available to help you if debt is becoming a problem,” he added.

If you live anywhere in Scotland and are worried about your debts then Scotland Debt Solutions can help. Contact us directly to arrange a FREE and confidential consultation.

facebook colour icon twitter colour icon linkedin colour icon messenger colour icon whatsapp colour icon email colour icon
Sharon McDougall Square

Sharon McDougall


Other News

Debt Levels Soaring across Scotland, New Figures Show Debt Level Rising

Debt Levels Soaring across Scotland, New Figures Show

Levels of unsecured debt in Scotland increased dramatically during 2022 as the cost of living crisis took its toll on household finances.

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’ Financial Hardship

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’

Close to half a million Scots are in a position of profound financial hardship, according to a new set of figures.

Scots with Disabilities Urged to Check Eligibility for New Benefits Scottish Man In Wheelchair

Scots with Disabilities Urged to Check Eligibility for New Benefits

Disabled people in Scotland are being urged by the government to check whether they might be eligible for benefits that could help make their life a little easier.


Why Choose Us

Usp Location

5 Offices in Scotland

National Coverage

Usp House

Ask us About

Home Visits

Usp Hand Heart

Helping Scots Get

Out of Debt Since 1989

Usp Handshake

We offer an

Instant Initial Consultation

Usp Palm Wallet

We'll Help You

Lower Monthly Payments

Usp Hand Heart


Out of Debt Since 1989

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.


Useful tools

Personalised Debt Report
Usp Planner

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Debt Report
Instant Scheduled Call & WhatsApp

Instant Scheduled Call & WhatsApp

Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.

Arrange Callback
Find a Local Office
Usp Signpost

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

Find an Office

Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners