Unpaid carers across Great Britain are being left an average of £2,494 out of pocket each and every year through the increased cost of caring - despite the benefit of receiving Carer's Allowance. The research, which was accrued by Later Living Marketplace Lottie, found that the average shortfall equates to £207 a month.
The findings show that the added financial drain for carers comes from expenses such as travel, household costs and additionally equipment needs. Lottie detailed exactly how these expenses can quickly rack up quite the bill for carers, taking a monetary and mental toll.
Back in January, the Office for National Statistics estimated that there were around five million informal carers across England and Wales - with around 1.2million over the age of 65 according to Lottie. Nigh-on 50 per cent of older carers are also estimated to be providing in excess of 50 hours a week in care.
