The prospect of higher living costs is causing concern among a number of the UK's older consumers, new figures have shown.
According to
Aviva, the possibility of living cost rises over the coming five-year period is troubling 18 per cent of those over-55s questioned in a recent poll, in a development which might affect those struggling with
credit card debt.
Meanwhile, the thought of future tax rises is said to be worrying 64 per cent of the people queried in the company's Real Retirement Report.
The financial vulnerability of older consumers has been pointed out by Aviva's Clive Bolton.
Mr Bolton, the firm's at-retirement director, said: "This age group is particularly exposed to any sudden VAT increases or changes to fuel charges and this report really shows how vulnerable they feel to any sudden increases."
Meanwhile, separate research from the British Retail Consortium and Nielsen has recently suggested that high fuel bills are also concerning many of the country's homeowners.
Posted by Martin Peacock.
