Thousands in Their 50s Fear Losing Homes

Nearly a quarter of people in their early 50s polled by Age UK are afraid of falling on hard times and being forced out of their homes.  The charity says 23% of the 971 people they asked aged between 50 and 55 fear that they will not be able to keep up mortgage payments or rent.  Age UK says that people in this age group should be at the peak of their earning power. But instead, it says, they are beset with financial worries.  Age UK said the figures painted a "worrying picture" of tomorrow's pensioners.  It said those in their early 50s were more likely to be made redundant than younger workers, and it was harder for them to get back into the workplace. Those who have already retired have been hit by falling savings rates. Anyone with a private pension will also have found annuity rates at a historic low. Read more on the BBC website.