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State pensioner, 73, struggles to heat home as ‘absolutely crippling’ costs soar | Personal Finance | Finance


Hundreds of thousands of individuals are battling against the rising cost of living, particularly at what is normally an expensive time of 12 months. With Christmas just across the corner, many are making preparations however the season could be expensive – particularly with higher bills to contend with.

That is the case for Jeanette, 73, who has each day living difficulties related to cold weather, which she finds difficult.

She can be coping with poor mobility brought on by a stroke, which adds to her day-to-day complications.

Jeanette explained: “Things are so expensive and since COVID-19 the whole lot seems to have shot up in price.

“You are attempting to not spend an excessive amount of whenever you buy groceries, but you’ll be able to’t avoid it.

READ MORE: Pension triple lock ‘needs reform’ for ‘means-tested’ payments

For households to have the identical Christmas as they did in 2019, purchasing the identical goods in the identical quantities, this is able to now cost them a mean of £620, L&G stated.

That is £90 greater than they spent in 2019 and £60 greater than their expected nominal spending this 12 months.

Speaking exclusively to Express.co.uk, Bernie Hickman, CEO at Legal and General Retail, said: “Quite simply, high inflation signifies that families will spend more but get much less for his or her money this Christmas.

“Unfortunately, with the cost-of-living set to stay high for the foreseeable future, this Christmas is unlikely to be the last where people must significantly tighten their belts.

“This makes long-term financial planning vital, wherever possible.”

A Department for Work and Pensions spokesperson told Express.co.uk: “Our Pensioner Cost of Living payment on top of the annual Winter Fuel Payments mean that over 11.6 million pensioners are receiving as much as £600 per household to heat their homes and stay warm throughout the colder months.

“This extra payment is an element of a wider package of support to assist billpayers of all ages with rising energy costs, including through the £400 Energy Bills Support Scheme and the Energy Price Guarantee, which can save typical households £900 this winter.”

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