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Pensioners are £57bn in debt

The amount of debt owed by Britain's pensioners has hit £57bn with one in five still paying off their mortgages, new research reveals today.

The amount of debt owed by Britain's pensioners has hit £57bn with one in five still paying off their mortgages, new research reveals today.

Scottish Widows warned the figure would rise still further as housebuyers take out home loans later and later in life.