Inflationary increases, difficulties in the NHS and social care, and rising energy bills are all major concerns for older people. A survey undertaken by Age UK has shown many older people are keen for these issues to be addressed by whoever becomes the next Prime Minister.
Recent research from Aegon has also shown Britons’ financial priorities are no longer for enjoying life, but simply just “getting by”.
The biggest shift in financial priorities was discovered amongst the over 55s, found to be particularly concerned at the prospect of retiring on a fixed income in the current crisis.
Steven Cameron, Pensions Director at Aegon, added: “With inflation at its highest since the 1980s and predictions suggesting it could reach above 18 percent in January, there’s no doubt now is an incredibly financially challenging time for everyone and as a result financial priorities have changed.
“The findings are a clear reflection of the nation’s mood and reinforce that cost-of-living will be one of the biggest challenges facing the new Prime Minister when appointed on September 5.”
Back in June, the now former Chancellor Rishi Sunak defended restoring the state pension triple lock, stating pensioners should be protected.
More recently, at a hustings in Darlington, Mr Sunak said he would offer hundreds of pounds of extra support for people who are “most vulnerable” in paying their energy bills.
He added people should be “under no illusion how difficult it is going to be” this winter.
This week, Ms Truss hinted at further potential support for pensioners, and those who are financially vulnerable.
Speaking at a hustings, she told Times Radio’s John Pienaar: “Of course, in any fiscal event, a chancellor has to look at people on fixed incomes.”
Ms Truss has publicly stated she intends to raise the state pension next year as the triple lock comes back into force.
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