15% of people in the UK feel their debt situation is "out of control" or that they have no way of paying it off amid the cost of living crisis, according to a new survey.
Research by Aviva found that of the 2,000 people surveyed in April, two thirds (67%) reported having some form of debt that is weighing them down. Meanwhile, nearly half (48%) of over-55s asked said that they still have "some sort" of debt, despite getting closer to retirement age.
The proportion of those who feel that their debt situation has spiralled out of control rises to nearly a fifth (18%) in 45 to 54-year-olds. Worryingly, nearly one in 10 people who took part in the survey (9%) admitted that they "haven't got a clue" how much they currently owe in outstanding debts, with this number rising to 16% in people aged 45 and over.
