Over 50s at risk of financial vulnerability during pandemic

SunLife survey shows

John Brazier
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Over 50s at risk of financial vulnerability during pandemic

Self-employed people over 50 hit hardest in terms of lost earnings and reduced working hours

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...

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