Older people face losing €1,532 in spending power by end of year
The rapidly rising cost of living is causing financial stress among the older community, some of whom are turning off their heating because it is so expensive.
Older people are facing a cost of living crisis as rising inflation takes its toll on pensions and savings.
By the end of 2023, older persons could lose 15% to 20% of their spending power putting them at risk of poverty.
