British Mail writes: ".. Record numbers of pensioners were plunged into insolvency last year amid warnings the number will climb even higher in 2010. Disturbingly, the number of ' penniless pensioners' becoming insolvent is rising faster than any other age group.
Nearly 7,000 lost their battle to keep financially afloat in 2009, tipped over the edge by large mortgages, personal loans and credit cards..."
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British Telegraph writes: "More than 10,000 Britons declared insolvent every month.More than 10,000 Britons are being declared insolvent every month, the highest level on record, official figures have shown."
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Comment: The age of frivolous debt is coming to an end.
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