The UK is facing a cost-of-living crisis that is affecting millions of people and causing physical and mental strain.
With basic expenses such as food, taxes, housing, and healthcare at an all-time high, and rising heating and petrol costs, many are struggling to make ends meet. This is especially true for the elderly population, with 20% of the UK population estimated to be 65 and over. These individuals often rely on a fixed state pension, which is constantly impacted by fluctuating inflation and interest rates.
It’s understandable to feel worried about how older adults will manage during these challenging times. The following tips and advice can help make this time easier for everyone involved.
Even if your elderly loved one is familiar with their finances, they may still need your help. Discussing money can be a sensitive subject for many older individuals, but it’s important for them to understand the support that is available. The UK energy regulator, Ofgem, has provided guidelines and support for managing energy bills. If your relative is struggling with energy price increases, they may be eligible for financial incentives from the UK government. Such as discounted energy bills, a winter fuel payment, a warm home discount, and a household support fund.
Additionally, there are ways to reduce energy costs and save money on energy bills. Encourage your loved one to make small changes, such as replacing traditional light bulbs with LED bulbs, or washing clothes at lower temperatures. Adjusting thermostats; turning off radiators in unused rooms, and installing double glazing and draft proofing.
The cost-of-living crisis is constantly in the news and can be a source of stress and anxiety for our elderly loved ones. It’s important to consider their mental health, as they may be struggling even if they don’t express it. The following are some ways you can offer emotional support:
Remember to also take care of your own mental health during this difficult time. If you or your loved one is feeling anxious, low, or struggling to manage thoughts and feelings, talking therapies can be a helpful resource.
If you or a loved one are struggling for any reason, such as you don’t live near enough to help, Home Instead is here to help. Offering support and assistance to individuals who are struggling to manage their daily responsibilities.
By providing in-home care services, our Care Professionals can be there when you can’t. Giving you peace of mind and allowing you to focus on other areas of your life. They can also help individuals make sense of important letters, and documents, reducing stress.
Our compassionate and knowledgeable team, we can help ease the stress and understanding of the cost-of-living crisis. And make daily life a little easier for everyone involved.