Sunday, 27 May 2012

Pensioners turn to their children to help meet soaring living costs

Impoverished pensioners are being forced to ask their children to help pay their bills as soaring food and energy bills leave them unable to cope.

A poll of 2,000 retirees conducted by the firm Responsible Equity Release revealed that a third admitted to asking their children for money in the last year and a third also fear they may have to sell their house just to get by.

Almost half have taken on part-time work to boost their income, while one in six have no savings whatsoever. ...Mail Online

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