22nd August 2022
Mid-Lifers Set To Be Impacted Twice By The Cost Of Living
This weeks topic will be looking at the increasing cost of living and the significant impact this will have on the middle-aged in this country.
Midlifers are expected to be particularly hard hit as the cost of living crisis worsens. This is because many middle-aged people are still paying off mortgages to help with the cost of monthly necessities, so they are likely to be hit by the rising cost of living twice. According to the data, this is especially true for people in their early forties, who have high outgoings and tend to provide more financial support, as well as other debts, while also attempting to support their families. As a result, they frequently have less disposable income than younger people.
IT’S GOOD TO TALK
The cost of living crisis is putting a strain on many household budgets and leaving some middle-aged people struggling to make ends meet. All of this implies that you must exercise extreme caution in your financial management.
Please contact us to discuss your situation or to learn more. Visit us again tomorrow as we explore the responsibilities placed on this age group and look at the support available towards the end of the week.