Mortgage free dreams 'vanish' as thousands of over 65s face retiring with 'sizeable' costs

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Mortgage free dreams 'vanish' as thousands of over 65s face retiring with 'sizeable' costs

“Older households tend to spend a larger proportion of their income on these items so are particularly badly affected.“As energy bills in particula

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“Older households tend to spend a larger proportion of their income on these items so are particularly badly affected.

“As energy bills in particular soar, older households may struggle with around half of their homes having an energy efficiency rating of D or below and with almost one fifth of older households saying they have no savings they face a very difficult few months ahead.”

Some 850,000 older Britons could be missing out on extra help with their living costs, through Pension Credit.

The benefit is for those on lower incomes and can go towards rent and housing service charges.



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