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Living on a low income in later life

1.2 million people aged 60+ are finding it difficult to cope with their income, with 500,000 in a state of severe struggle. Rising living costs have left 10.8 million with less disposable income and 5.5 million unable to afford previously enjoyed treats. Learn more in Age UK's Knowledge Hub.

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Living on a low income in later life

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  1. Living on a low income in later life Expert briefing 24th January 2012

  2. Limited incomes • - 1.2 million people aged 60+ are finding it difficult / struggling on their income • - of those 1.2 million, 500,000 are really struggling to cope • - 4.5 million can only just afford to buy the basics

  3. Increasing costs • - 11.4 million people aged 60+ have noticed an increase in the price of every day goods this year • - 10.8 million have less disposable income than last year because of rising living costs • - 5.5 million can no longer afford little treats they had last year

  4. Making ends meet • In the last 12 months: • - 5.9 million people aged 60+ have turned down the heating when not warm enough to save money • - 3.1 million have bought less food than they wanted because of rising food costs

  5. Knowledge Hub • Visit Age UK’s Knowledge Hub to find all our resources and learn more. • - Monthly e-bulletin • - Age UK later life fact sheet • - Briefings and presentations (including today’s) • http://www.ageuk.org.uk/professional-resources-home/knowledge-hub-evidence-statistics/briefings-and-presentations/

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