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Might Equity Release Help the Baby Boom Generation Reaching Retirement Age
28/02/2011
The 'babyboom' generation is on the verge of reaching the age of 65. Every day, from February 8th, 1,800 people will reach the age of retirement. Over the next year 658,000 people will celebrate their 65th birthdays, with another 806,000 next year.
February 8th 1946, was exactly nine months after Victory in Europe Day on May 8th 1945.
Many of these people reach the age of retirement with generous pensions and property that was paid off years ago and now valued at a much higher rate than when bought.
However, some individual's who are reachng this age will be left with a much bleaker future due to no savings, little state pension and a large mortgage still to pay off.
Homeowners aged over 55 years who are concerned about the level of their pension and would like to know how much money the value of their property could release to help increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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