Tuesday 11 June 2013

Carers face growing financial hardship

Almost a third of people who simultaneously care for both young and older family members say they struggle to cover basic living costs, according to research from the Money Advice Service to coincide with Carers Week.

One in 10 of the UK adult population are so-called "sandwich carers" – about 4.7 million adults – and that number is expected to rise as people live longer and costs of care rise, the advice service says.

Its research highlights the financial pressures on sandwich carers with a quarter reporting they have had to cut their working hours and a further 25% saying they have had to give up work altogether. It found around half of the carers (48%) earn less than £31,200 a year.

Full Article on Guardian Money

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