House loans hindering retirement plans

Mortgage payments mean people are not able to save for their retirement, according to a new survey by Yorkshire Bank.The bank found that 52 per cent of mortgage holders are afraid of a poor retirement, as mortgage payments prevent them from investing money for their future. Almost two in three (60 per cent) mortgage holders believe they will be working into their 70s save a enough for their retirement. And one person in four (24 per cent) has no financial plans for their retirement at all.”Our