Over 50s at risk of financial vulnerability during pandemic

New data from insurer SunLife shows that the effects of the pandemic are exacerbating financial vulnerability among the UK over 50s. A survey carried out in December last year of over 1,000 people aged over 50 found that 27% of people in this age group are worse off as a result of the pandemic by £445 a month on average, the equivalent of £3 billion per month. The monthly average increases to £458 per month among over 50s in employment, while almost half (46%) have seen their job and income impacted. 12% of respondents have lost their job, 28% have been furloughed and 31% have had the...