15 January 2010
According to MGM Advantage research, the average retired
household where the main occupant is aged 65-74 needs to find an
extra £429 a year to maintain the standard of living it
enjoyed 12 months ago. The corresponding figure for a home where
the where the main occupant is aged 75 and over is £225.
These are annual increases of 1.89 per cent and 1.53 per cent
respectively.
