Over 55's struggling most with debt People over the age of 55 are having the most difficulty dealing with their debts, a survey from insolvency firm Thomas Charles suggests. Nearly a quarter of over-55s with debt over £10,000 said that they are "quite likely" or "certain" to go insolvent. This is compared to the one in 10 of 18 to 24-year-olds, with more than £10,000 debt, who say they will be insolvent. On Friday, the government revealed that more than 30,000 people went insolvent in the first three months of 2007. The survey's findings, that older people are struggling more with debt than younger people, echo earlier research from the Consumer Credit Counselling Services (CCCS). The CCCS, a debt charity, said there had been a rise in the number of elderly people asking for help, with men over 60 owing the most.
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