Members of the UK's older population are among those who are suffering because of the current level of inflation, it has been suggested, which might force some to get credit.
Inflation has been described as a "real menace" for consumers by
MGM Advantage sales and marketing director Aston Goodey.
He pointed out that this is having an impact on people's finances by increasing their overall cost of living.
Mr Goodey commented: "This is particularly difficult for retired households where they often have fixed incomes."
Those aged between 65 and 74 in particular may have seen a large rise in their living costs in recent times, MGM Advantage suggests.
It was recently revealed by the Office for National Statistics that the country's rate of CPI annual inflation went up last month, rising to a level of 3.7 per cent.
During March, it was only said to have reached 3.4 per cent.
Posted by Martin Peacock.
