Older Brits 'feeling more of the strain'

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Older Brits 'feeling more of the strain'

Older people across the UK are typically having a harder time with their finances then their younger counterparts in the present financial climate, it has been claimed.

Annie Shaw, founder of CashQuestions.com, said older Brits have a higher percentage of outgoings on things like domestic fuel, food and possibly rent.

She argued: "The things that are going up in price tend to affect older people much more. Although everybody is feeling the pinch, older people are feeling it perhaps more than other sections of society."

Ms Shaw added that one way this group can tackle these rising costs is to focus on getting the most competitive deals on energy rates, especially at this time of year.

Her comments follow those of Rasheed Ogunlaru, life coach and motivational speaker at rasaru.com, who claimed people that are finding it difficult to save towards their retirement are now coming up with innovative ways to put money aside for the future, such as by trading skills with friends and doing more DIY around the home.

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