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Older people from minoritised ethnic communities up to 60% more likely to be living in poverty
Older people from minoritised ethnic communities are being let down when it comes to escaping poverty, as language barriers, government mistrust and a lack of effective promotion of financial support stand in their way, according to new research from national charity Independent Age.
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Older people struggling to pay for broadband at risk of further financial losses
Nearly half (48%) of older people in England on a low income have struggled to keep up with their broadband bill in the last six months, according to new research from the older people’s charity Independent Age – putting them at risk of further financial hardship and being digitally excluded.
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A unique way to pay for residential care… without selling your home
Every year, thousands of elderly people and their families face the conundrum of how to pay for care home fees – which can typically be between £40,000 and £50,000 a year. We talk to Jeremy Nixey of Alliance member Shaw Lifetime Care, part of the charitable Shaw Foundation, about the unique option they offer.
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Age UK launches new support programme for older LGBT+ veterans
Age UK launches new support programme for older LGBT+ veterans
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Financial fears and access barriers prevent one-third of those over 60 from spending
A new report by the leading think tank on demographic change, the International Longevity Centre (ILC), pinpoints an increasing economic trend among people aged 60 and over in the UK.
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Age Action Alliance launches free 2023/24 guide to care fees planning
An updated version of the hugely popular “Basics of care fees planning guide”, first launched at the end of 2022, is now available. By Tony Watts OBE.
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Report highlights the financial plight of the “hidden two million”
A new report from Independent Age shows the hidden reality of facing financial hardship in later life and explores the groups of older people most likely to be affected.
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1 in 7 aged over 65+ now reliant on loans and credit cards to make ends meet
New research from Independent Age has found that the cost-of-living crisis is causing many people over 65 to turn to loans and credit cards to make ends meet, as they keep their financial worries from their family.
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High inflation means that the “Great Unretirement” may prove costly for some older workers
New Age UK research shows how the cost of living crisis is upending some people’s retirement plans and their prospects of a comfortable standard of living in the years to come.
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Don’t suffer in silence – Pension Credit is here to help!
To mark Pension Credit Week of Action (12th- 16th June), national older people’s charity Independent Age is urging everyone in later life who is struggling financially to check if they are eligible for the entitlement.
