Age UK Research highlights the need to claim benefits
A quarter of over-65s are struggling financially, according to new research from Age UK, despite up to 35.5bn in financial help going unclaimed every year. With new figures from its Chief Economist’s Report also revealing that a quarter of all over-65s feel financially worse off compared with this time last year and a third are worried about the general cost of living, the charity is warning that much more must be done to get vital benefits to those who need it. Worryingly, the Government’s own figures
show that 1 in 10 pensioners would not be able to pay an unexpected bill of 3200.
Age UK research highlights that many of the older people who are struggling, are in fact entitled to benefits such as Pension Credit, which if claimed, could provide a much needed boost to their weekly income. In fact, if everyone eligible for Pension Credit made a claim, it could increase their income by an average of £1,716 a year which would more than cover the average dual-fuel bill which currently stands at £1,271 a year.
The charity has produced a guide to these potential benefits which can be downloaded at: