12.7 C
New York

Energy bill crisis: Pensioners share struggle as costs soar – ‘What’s the purpose in life?’ | Personal Finance | Finance

Published:

Recent research carried out by Age UK has found that two million older households will likely be unable to pay for essential spending this yr, including energy costs. Specifically, nearly half of this group are currently living on or simply above the poverty line, or in receipt of advantages. Households are experiencing an annual energy bill of £693 for the time being, with the yearly cost expected to hit £2,800 later this yr.

At the identical time, inflation has reached nine percent within the UK with families now having to pay more for various groceries and utilities.

Charities, comparable to Age UK, are sharing their concern over how individuals are expected to satisfy the demands of the associated fee of living crisis.

One man in his 80s told the charity: “I can have to cancel my carer – I prefer to be warm and dirty than clean and cold.”

Rachel, who cares for her partner, added: “My husband has advanced Alzheimer’s, is completely bed certain, doubly incontinent and my daughter and I look after him completely at home.

READ MORE: Couple in shock as they realise they’ve spent £2,000 on only one trip to museum

“He needs to be washed and altered no less than thrice a day and consequently my washer and dryer are permanently in use.

“We’ve got to maintain the heating on more often than not and increases will make an unlimited difference to our expenses, but we’ve got no other selection due to my husband’s health.”

One other couple of their 70s said: “When it’s cold, we go to bed much earlier to maintain warm. We used to wash day by day but this may now be cut to twice per week.

“I feel this says all of it, we simply cannot afford to pay these rip-off prices anymore. What is the point of life?”

DON’T MISS:

Caroline Abrahams, a charity director at Age UK said: “Our latest evaluation shows the brutal impact that rocketing prices are having on our older population and lays bare the desperate situation facing two million pensioners this yr, if the Government fails to act.

“Significant numbers of older individuals are already struggling, and the Bank of England was crystal clear last week that it’s only going to worsen within the months to return.

“For older people on low fixed incomes, relying solely on their state pension and advantages, it’s a terrifying prospect because there are simply no more cuts they will make.”

Recently, the Chancellor Rishi Sunak confirmed a latest wave of support payments to satisfy the urgent needs of vulnerable pensioners within the UK, in addition to other groups.

Those that are in receipt of means-tested profit claimants, comparable to Universal Credit, will likely be eligible for one-off cost-of-living payment of £650.

In addition to this, pensioners will get a latest £300 one-off payment routinely to assist with soaring energy bills.

On top of this, six million disabled people will have the option to get an additional one-off payment of £150.

The Chancellor has also pledged to avoid wasting an additional £500million in extra money for the Household Support Fund.

Moreover, the Chancellor revealed that the Government will likely be introducing a universal discount for energy bills totalling £400.

This may replace the controversial £200 ‘Buy Now, Pay Later’ loan announced earlier this yr.

sportinbits@gmail.com
sportinbits@gmail.comhttps://sportinbits.com
Get the latest Sports Updates (Soccer, NBA, NFL, Hockey, Racing, etc.) and Breaking News From the United States, United Kingdom, and all around the world.

Related articles

spot_img

Recent articles

spot_img