Claim: 550,000 more pensioners were in debt in Great Britain in 2020, compared with 2010.
Fact-check: More older people have financial debt—but fewer are actually struggling - Full Fact
Verdict: it's true that about 550,000 more people aged 65 or over had some kind of non-mortgage debt by the end of the 2010s, but the number who found that debt to be a problem actually fell over the same period.
Organisation: Full Fact
Author: Leo Benedictus
Date published: 2022-02-17T00:00:00