Respect your elders: Key financial lessons from the older generation

Save more, avoid debt and do not lend money you cannot afford to lose are the three top pieces of advice offered by older generations when it comes to finances, according to research from Just Retirement. The retirement income specialist asked 1,200 people aged between 40 and 65 for their views on financial 'advice'. It spilt the respondents into three groups  - people in their 40s, those aged between 40 and 45 and the over 65s. For all three age groups building funds for a rainy day was the most important thing, most notably with 42% of the over-40s. Some 27% of over-40s said peop...