Older People Face a Poorer Life

The Sunday Telegraph London (January 23, 2005)

Author: Emma Simon

Linked as:

Summary

PENSIONERS look set to get poorer in retirement compared to the rest of the population. New research shows that the cost of running a home in retirement is set to soar in the next five years.

Bills for council tax and utilities are set to grow at twice the rate of inflation, according to a new Datamonitor report commissioned by the Prudential. This will adversely affect pensioner households, which spend a larger proportion of their income on these necessities than younger households.

See the full content of this document

Extract

Older People Face a Poorer Life

The researchers estimate pensioners' income will rise by just 4 per cent a year over the...

See the full content of this document