Medindia

X

Over-50-year Olds Taking a Hit to Quality of Life Due To Protracted Downturn in UK

by Tanya Thomas on  August 19, 2011 at 11:15 PM General Health News   - G J E 4
A new study has found that the quality of life for the over-50s in the UK is suffering due to rising inflation and unemployment.
 Over-50-year Olds Taking a Hit to Quality of Life Due To Protracted Downturn in UK
Over-50-year Olds Taking a Hit to Quality of Life Due To Protracted Downturn in UK
Advertisement

This trend has been in existence since the last nine months with more than a fifth cutting back on essential items, and 68 percent decreasing the amount they spend on non-essentials.

Advertisement
According to the quarterly report of over-50s campaigners Saga, the levels of happiness for this age group have also declined for the first time this year, thanks to the rising cost of living.

Older people in Britain face inflation of around six per cent on a majority of the products and services they buy.

Most of the sufferers revealed that this trend had led to them cutting back costs like hairdressing or eating out.

"While many commentators blithely assume that the older generation are much better off than the young, this does not apply across the board," the Daily Express quoted Dr. Ros Altmann, director general of Saga, as saying.

"In particular, it seems those in their 50s are faring even worse than the older groups," he added.

Source: ANI
Advertisement

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
Notify me when reply is posted I agree to the terms and conditions

You May Also Like

Advertisement
View All