Category: Money Matters News

New polling for Age UK shows that among the 3.4 million pensioners (28%) in Great Britain who said they were financially struggling, almost half (47%) 1.6 million said they’ve been struggling for three years or longer, pointing to more persistent financial hardship.

New analysis shows that, while the numbers of female pensioners in the UK have fallen by 740,000 since 2010-11 because of the rise in State Pension Age, the numbers of women living in poverty have stayed steady at 1.1 million. Almost half of these would be entitled to Pension Credit if they claimed.

Following the recent cold weather, Age UK is reminding older people to check their finances and make sure they are receiving all the financial help they’re entitled to.

Independent Age is urging the UK Government to end a controversial rule that blocks mixed-age couples from accessing vital support like Pension Credit.

One in five older people (21%) living on a low income would find it difficult or impossible to cover an unexpected bill of £50 without borrowing money, according to new research by Independent Age.