One in five expect to have mortgage debt in retirement

Money Talk is intended to inform and educate; it's not financial advice. Affiliate links, including from Amazon, are used to help fund it. If you make a purchase via a link marked with an *, Money Talk might receive a commission at no cost to you. Find out more here.

What to read right now…

Knight Frank’s annual Wealth Report is out, with some fascinating insights on the spending trends of the super rich.

Meanwhile, approximately 15% of the UK population need debt advice – but not many are getting it.

Less than 20% of Levelling Up projects have been completed in England, with many frozen or scaled back.

One in five homeowners over the age of 55 are expecting to be paying their mortgage into retirement.

This longish read on how a finance writer fell victim to a scam will fill you with shock/horror.

The deal that’s a steal…

Looking for a treat or something to do?

Groupon* are currently offering up to 25% off sitewide.

Follow the link and plug in the code PROMO at checkout to get the discount.

The deal expires on 11 March though so you’ll need to hurry.

If you only do one thing…

Review your savings accounts.

A number of banks have announced that they will be reducing the interest rate on their savings accounts in the next couple of months, including Virgin Money and Santander.

So it’s a good time to check whether your money could be doing better elsewhere or put in a calendar reminder to make those changes closer to the time.

More generally though, it’s a sign that savings interest rates might be about to drop across the board.

That might not have a bearing on how you manage your money but then again, it might.