If you asked thousands of UK consumers which age group carries the biggest debt burden, the answers will be as varied as the people being polled, and most of them will be wrong. While the average answer will probably be the 20 something generation, paying of their student loans, and trying to start a life, the actual group carrying the greatest debt burden is the over 60 age group.

Last year debt problems of the over 60s accelerated faster than all other age groups, while contrary to popular perception, the 20 something generation's debt burden declined, according to CCCS’ Statistical Yearbook 2006 published March 2007.

Consumer Credit Counselling Service (CCCS) predicts that by the end of 2007 its counsellors will be helping more people over 60 than under 25, based on the current trends. CCCS currently handles 10 percent of the individual debt cases in the UK.

The CCCS helpline inquiries increased by 50 percent to 300,000 in 2006 with 73,000 people needing extensive counselling from one of thir centres. An extreme debt is one that exceeds £100,000, or where the case involves more than 16 credit cards. This is almost matched by Citizen's Advice who stated they dealt with approximately 53 000 cases.

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