Elderly Struggle With Cost Of Living

According to Age UK 47% of pensioners say they are “just getting by” financially. In the recent study, 11% of people said they were finding it difficult or “really struggling” to cope.

The study involved face to face questions with 1,258 people. Worryingly, 19% suggested they would cut back on heating this winter in order to manage their money.

These figures are concerning as it shows a rapid decline in the ability of the elderly to cope just as the baby boomers are becoming pensioners.

 

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