The hike in living costs has hit poorer pensioners far harder than those who are better off, new research shows.
To live what is classed as a "minimum" lifestyle as a retiree - where you have enough money to "live with dignity and not just survive" and enjoy some social events - you now need £12,800 a year for as a single person and £19,900 for a couple.
That's an 18% and 19% rise, respectively, in 12 months, according to research by the Pensions and Lifetime Savings Association.
