At Stand Together Network, we are very concerned about how the rising cost of living is affecting older people on low and modest incomes. Prices of everyday items are going up so quickly now that they risk being totally overwhelmed.
Our disadvantaged beneficiaries get in touch with us every day to say they are drastically cutting back on their spending, but their finances just won’t stretch to cover the huge price rises they are facing. People of all ages across the country are finding that their monthly budgets simply don’t add up anymore.
Household energy prices are going up by an average of 54% and are expected to rise further in the autumn. Inflation hit 6.2% in February 2022 and is set to go even higher, yet the State Pension and benefits are only due to rise by 3.1%. The help the Chancellor has announced so far for people on low and modest incomes is nowhere near enough. It’s simple – they won’t be able to make ends meet without considerably more government support.
The Government must take immediate action to provide more financial support. People of all ages on low and modest incomes need help to meet rising costs now and cannot wait any longer.
The current cost of living crisis is worsening the economic and social position of ordinary people in the UK. The price of everything is going up so much, people are forced to cut down what food they can buy and what heating they can afford and it left people to choose rent, heating or food.Millions of people across the UK are struggling, this simply is not right.
It causes economic and social instability. It has a negative impact on vulnerable people.
Millions of people across the UK are struggling to cover their essential household costs nowadays and the situation is getting worse and requires urgent attention.
As inflation reaches record levels, our wages simply haven’t kept up, it worsening people’s financial situation. As energy costs leave households out of pocket, oil and gas companies reap massive profits. And as increasing numbers of people and families fall into poverty, the Government response – or lack thereof – has been woeful.
The rising cost of living is squeezing the incomes of millions of people across the country with people with disabilities especially affected. The demand for food bank is increasing, simply because people can’t afford to buy the essentials and struggling in paying their household bills.
The ‘cost of living crisis’ means we’re all paying a lot more for energy and food, and things like rent and fuel. Consumer goods and energy prices pushing inflation higher. Our campaign aims to urge the Government to intervene to cap the increase the price of fuel and support vulnerable people and increase welfare benefit income to enable poor people to cope with the rising of living cost.
The rising cost of living has big risks on people’s health and negative impacts on health and wellbeing. It has been associated with a reduction in wellbeing, including increased anxiety and worsening mental health.
The most common reasons reported by vulnerable people families for their increased cost of living were:
*Being unable to afford sufficient food leaves people malnourished
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