Life quality-lows for Britons over 50

August 16th, 2011 - 8:51 pm ICT by IANS  

London, Aug 16 (IANS) The quality of life for Britons aged over 50 has been witnessing a rapid decline for the last nine months following rising inflation and unemployment, a study has found.

Over a fifth have had to cut back on essential items, while 68 percent have decreased the amount they spend on non-essentials.

Happiness levels for the age group have also dropped for the first time this year, as per over-50s campaigners Saga, Daily Express reported.

Inflation and the rising cost of living were the biggest concern, its quarterly report found.

Ros Altmann, director general of Saga, said: “While many commentators blithely assume that the older generation are much better off than the young, this does not apply across the board.

“In particular, it seems those in their 50s are faring even worse than the older groups.”

Older people in Britain face inflation of around six percent on most of the products and services they buy. A majority of the elderly said this had led to their having to cut back costs like hairdressing or eating out.

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