Inflation is hurting the elderly

Research entitled Inflation and Age conducted over the past two years by investment firm Alliance Trusts found inflation inflicted on the elderly is at least a third more than the national average. Alliance Trusts says in April 2004, the inflation difference between over-75s and those people aged under 30, peaked at 136%, while the lowest recorded difference was still at 28%. Chief executive at Alliance Trusts , Alan Harden, says the spending power of the elderly is falling substantially, at a time when many of them rely solely on a limited, or a fixed income. He says: “The results o...