For many property-owning, well-pensioned retirees, the crisis is much less of an issue compared to those who are younger and facing more precarious renting or employment prospects.
These are the ones hit hardest by the cost-of-living situation, sitting at the extreme end of the struggle.
They've made cuts to their spending and are still struggling to cover their food costs and bills. They're very worried about the coming years and their financial position, employment and housing.They are most likely to be in part-time work or unemployed and have a low average household income.This segment are feeling the pinch of the cost-of-living situation, being likely to have struggled and had to make cuts so far.
They are likely to be highly educated, with a well-paid job, and have discretionary spending and savings to fall back on.This group of people are the least affected by the cost-of-living situation and are optimistic that they will continue to be relatively unaffected in the coming years. They are the least likely to have needed to make cuts yet, and most don't expect to need to.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Carlyle hires ex-Goldman executive Harvey Schwartz to lead PE group\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
'I can't imagine my life without this group'Joanne Brophy is organiser of a group which make twiddlemuffs to help hospitals and charities.
Read more »
'I can't imagine my life without this group'Joanne Brophy is organiser of a group which make twiddlemuffs to help hospitals and charities.
Read more »
'I can't imagine my life without this group'Meet the Hookers and Clickers 🧶 The knitting group that makes twiddlemuffs to help local hospitals and hospices ❤️ Read more here:
Read more »
Specific group of people who will not receive new £301 payment due this SpringThe £900 means-tested cost of living payment will be delivered in three lump sums over the next financial year.
Read more »
Private underwater rescue team set to help police search for Nicola BulleySpecialist Group International the team will 'work closely' with police.
Read more »