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Elderly and the hard up switching lights off more to deal with lockdown squeeze
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Adults over 70 and those from lower income households have learned to be smarter with money during the lockdown. Research has found 40 per cent of over 70s, and 64 per cent of those on a low income, have felt increased financial pressure during the pandemic.
The financial anxieties, which stem from increased utility bills due to staying at home, is affecting 31 per cent of adults in lower income households and 13 per cent of older people.
As a result, 64 per cent of those with lower incomes, and 40 per cent of over 70s, have been wiser with their outgoings by monitoring or cutting back on spending and energy use.
The study of 1,000 adults, commissioned by Smart Energy GB, revealed the ways these groups are helping their money to go further.
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