Feeling the pinch: Over 50s being crippled by triple whammy of unemployment, dire saving rates and high inflation

The over-50s are being crippled by a triple whammy of unemployment, high inflation and dire savings rates, a damning report reveals today.

Nearly 30 per cent said their standard of living has got worse over the past year, and millions are planning to make personal cutbacks over the next 12 months because they are feeling under financial pressure.
And amid widespread worries about their chances of enjoying a decent retirement, one in four said they are ‘less happy’ than last year.
The results fly in the face of other  surveys in which fifty-somethings claim to be enjoying everything from more leisure to improved love lives as children grow up and family responsibilities recede. The latest report, from Saga, the specialist firm for the over-50s, gives a grim snapshot of the anxieties faced by Britain’s older population. Its findings were based on a major poll questioning 13,000 over-50s about their lives and livelihoods.

Read more: http://www.dailymail.co.uk/news/article-1357030/Feeling-pinch-Over-50s-crippled-triple-whammy-unemployment-dire-saving-rates-high-inflation.html#ixzz1FSRfgIcj

Posted in: barnsley,british national party,by election,dan jarvis,enis dalton,jane collins,vote BNP