One in five low-income pensioners ‘could not afford an emergency £200 bill’

Two-fifths of pensioners on a low income had considered themselves to be middle- to high-earners for the bulk of their working lives before retirement, according to research for the Living Wage Foundation (picture posed by model/Kirsty O’Connor/PA) - (PA Archive)

More than half (54%) of pensioners on low incomes find it a struggle to keep up with bills and credit commitments, according to research for the Living Wage Foundation.

Three in 10 (30%) said they are in some level of debt and just over a third (35%) said they rely on money from other sources such as benefits or money from friends, family, a partner to get by.