Engage Mutual Assurance has undertaken a poll to find out what bills are putting a strain on the finances of retirees.

It found that 33 per cent of retired people were struggling to pay their heating bills and 30 per cent had difficulty paying for their car.

This new data highlights the current plight of the older generation and the population at large to come to terms with increasing fuel, utility bills and food costs, the company suggests.

In the poll, 19 per cent of retired individuals felt that they could no longer afford luxuries and that they could not afford to treat themselves or their grandchildren.

Karl Elliott, 3GB spokesperson for Engage Mutual Assurance said: "With the increased costs of food, fuel and mortgages taking effect, our research shows that those in retirement are becoming increasingly worried about being able to afford their everyday spending."

Research by uSwitch.com has found that of the 1.3 million people who took out a debt consolidation loan last year, almost one in four (23 per cent) were not asked for any proof of income.
ADNFCR-1287-ID-18595457-ADNFCR

Request a Callback

Fill in your details and we'll call you back