People of state pension age could be missing out on around £550 in help to deal with the rising cost of winter bills including fuel costs. According to recent research by Oak Tree Mobility pensioners might not be aware of the help they can have access to.
May were unaware of schemes to help them including the Winter Fuel Payment, Warm Home Discount Scheme, and Cold Weather Payment, among others, designed to provide financial relief, with benefits ranging from one-off discounts on electricity bills to aid for extra heating costs during cold spells. Oak Tree Mobility said 1 in 4 older individuals struggles to keep their living rooms warm, resorting to wearing extra layers instead of turning on the heat, impacting their health due to the cold.
A study by the Resolution Foundation found that during winter, over 75s are expected to spend 8% of their total household income on bills - even with significant government support. Over 1 in 5 households in fuel poverty have somebody in receipt of disability payments, compared with just 1 in 10 of households not in fuel poverty.
An astounding 54% of older people foresee the rising cost of living affecting their health and care needs. This isn’t just about penny-pinching but about genuine, tangible impacts on their ability to access and afford necessary care. A study revealed an alarming number, 1 in 10 elderly individuals in the UK are reducing or even halting their social care due to the escalating cost of living.
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