Living on a low income in later life Expert briefing 24 th January 2012.

Slides:



Advertisements
Similar presentations
Do you want to save money?. reduce save invent increase turn off turn down turn on machine energy cost If so, try saving (1)______________ at home! Every.
Advertisements

Textbook: Chapter 9. 1.Do you think saving is important? 2.What problems might you face if future if you do not save? 3.What are some things you should.
Savings Savings grows money. Save for future needs and wants.
Change… The process of becoming different… Why? Ageing population… too many older people for the current system to cope with… Or too few young people???
Simple Interest I =Prt I = Interest P = Principle r = rate t = time
Ch. 11 The Great Depression
WHO NEEDS AGRICULTURE ANYWAY? LESSON 2 AGRICULTURE AND NATURAL RESOURCES CLUSTER.
Investment, the Capital Market, and the Wealth of Nations
Minds On: Future Value Tom and Beth are twins. They save for retirement as follows: – Starting at age 25, Tom deposits $1000 at the end of each year for.
1920s Economy  Everyone has disposable income: Suburbs, House, cars, radio, Entertainment, etc  The stock market was a way to make money with extra.
ADVERTISE THIS! Our Product Name: Price: Where to buy it: How to use it and good points:
How a home loan becomes a security?. Firstly, I choose a house that I would like to buy. Than go to the saving Banks.
Social service agencies.  Bank statement  Pay stub  SDG Learner Benefits  Notice of Assessment.
THE STOCK MARKET CRASH AND THE GREAT DEPRESSION EVENTS THAT HELPED CAUSE THE STOCK MARKET CRASH: 1. OVERSPECULATION: Stock prices had risen far above the.
Financial Goals.
Circular Flow of Income AS Economics. The circular flow (simple)
The Dream. What the Title means…  The Dream will be a short film about the support of poverty. This short film will be about the charity Age UK and how.
Personal Finance Part 1.  _don_t_eat_the_marshmallow_yet.html _don_t_eat_the_marshmallow_yet.html.
Money Matters Spring 2015 $$$$$$$$$$$$$$$$. True or False – – Using a credit card is a lot easier than paying cash – Credit cards are a great way to buy.
The Great Depression The roaring 20s ends suddenly with the crash of 1929.
Schedule  An organized written plan to help reach your goals within a certain period of time.
Inflation is defined as – ‘a general increase in prices levels’ The government tries to measure inflation each month by pricing a basket of goods that.
Savings and Investment Unit Project Student Name.
Taxes What Do You Know?
Planning a Second Career or Retire in Style? By Joe Milchling.
Money Management IQ Test Bessie B. Moore Center for Economic Education.
Causes of the Stock Market Crash of Depression : Period of severely reduced economic activity characterized by rise in unemployment.
The Great Depression starts with a crash of S.T.O.C.K.S.
Fuel poverty and disabled people: sustaining a warm home in the context of welfare reform.
How It Impacts the Standard of Living. Standards SS6G11 The student will describe the cultural characteristics of Europe. c. Explain how the literacy.
Date: March 17, 2014 Topic: Shifts in Demand Aim: Why do shifts in demand occur? Do Now: Multiple Choice Questions.
Record Keeping Why do we keep records? To save time, money and even stress.
Lesson Starter. What will I learn? To Define what is meant by the term ‘Poverty’. To Describe two different ways of measuring poverty: absolute poverty.
Friday Chapter 4 – Structured Notes Article – Future Debtors of America Did you turn in?  Credit Intro  Guided Reading 4-1 (first page)
Inflation. What is inflation? A rise in the general price level –$1.00 today does not buy as much as a dollar from –Example: The price of a pack.
Adjusting for Changes in Medical Care Prices Over Time.
What has happened? Couple received a 20% raise What has happened? Couple received a 20% raise They have paid off the car.
Watching the Economy Crumble.  Explain what the stock market crash was  Identify and explain factors that led to the stock market crash.
Do Now 1)How do people pay their bills once they retire and stop working? 2) Why should we talk about retirement in high school?
Circular Flow Lesson 2, Activity 5 1. Give three examples of resource owners. Answers will vary, answer can be anyone who has land, labor, capital or entrepreneurship.
Paradigm Shift Social media is everywhere – One in every 4.5 minutes online is spent on social media – Facebook is the #1 most trafficked website in the.
Social service agencies.  Bank statement  Pay stub  SDG Learner Benefits  Notice of Assessment.
Citizens for Responsible Lending How Credit Works For Me.
Personal Budget Vocabulary. Personal Budget Estimate of costs, income, and resources over a certain period of time. Step 1: Identify how much money you.
Save One Million by Age HOW?? $2.30 a day at 10% compounded monthly or $78.01 per month. This is close to the cost of a large coffee, or soda and.
Phobos Interest Rate Hedging Mark Fielding-Pritchard mefielding.com1.
Investing: Making Money Work For You October 24, 2009.
How It Impacts the Standard of Living. Standards SS6G11 The student will describe the cultural characteristics of Europe. c. Explain how the literacy.
Land use in urban areas Land use in urban areas in the UK has shown a dramatic change over the past 30 years. This has been due to: 1)An increased demand.
Chapter 3.  I can understand the important role consumers play in the economy and can describe how consumers make decisions.
4/29/2008 Saving versus Investing. Saving Money stored away for a short term goal; usually in a savings account at a bank. This account has SMALL interest.
Interest and Exchange Rates. Interest Rates The Bank of England changes the interest rate in order to control the rate of ____________. The Bank of England.
STEPS TO FINANCIAL INDEPENDENCE AS YOUNG ADULTS
Income elasticity of demand. Income elasticity of demand.  Income elasticity of demand measures the responsiveness of quantity demanded following a change.
A. A general rise in prices. 1. When prices rise, a person’s ability to buy goods and services goes down, which decreases purchasing power.
PETA: People for the Ethical, Treatment of Animals Raises awareness and funds to help put an end to unfair treatment and abuse towards animals.
SAVING and INVESTING to achieve your financial goals or HOW MONEY WORKS.
Savings and Investment Unit Project Student Name.
How It Impacts the Standard of Living. ??????? How It Impacts the Standard of Living.
Savings Cents make Euros Next Slide. Aim of the Lesson ► To help students understand what savings are, the necessity of savings in certain situations,
Whether you’re remodelling your kitchen, need to replace an appliance that has died or want to upgrade to newer models, choosing appliances that are energy.
7 Reasons to Invest Your Money in the Dallas Real Estate Market.
The unemployment rate in the UK is currently 7.6% In an ideal world We would have a minimum amount of people unemployed At the moment there are 2.48 million.
The Impact of the Business Cycle Unit 27. Objectives Understand that economic activity tends to rise and fall. Understand that changes in the level of.
Government and the UK Economy. Starter: Think of three words that you would use when talking about the UK economy – what do they mean? Hopefully by the.
The Impact of the Business Cycle Unit 27. Objectives Understand that economic activity tends to rise and fall. Understand that changes in the level of.
CARA PENN OUTREACH OFFICER Energy Saving Trust North East Advice Centre Energy Saving in South Tyneside.
Savings and Investment Unit Project Student Name.
CARA PENN OUTREACH OFFICER Energy Saving Trust North East Advice Centre Energy Saving in South Tyneside.
Presentation transcript:

Living on a low income in later life Expert briefing 24 th January 2012

Limited incomes million people aged 60+ are finding it difficult / struggling on their income - of those 1.2 million, 500,000 are really struggling to cope million can only just afford to buy the basics

Increasing costs million people aged 60+ have noticed an increase in the price of every day goods this year million have less disposable income than last year because of rising living costs million can no longer afford little treats they had last year

Making ends meet In the last 12 months: million people aged 60+ have turned down the heating when not warm enough to save money million have bought less food than they wanted because of rising food costs

Knowledge Hub Visit Age UK’s Knowledge Hub to find all our resources and learn more. - Monthly e-bulletin - Age UK later life fact sheet - Briefings and presentations (including today’s) evidence-statistics/briefings-and-presentations/