Inflation facing elderly drops, but still high at 3.9%

Latest figures from the Alliance Trust Research Centre show the benefits of falling inflation are coming through more slowly for older people and their inflation rate remains far higher than that facing younger people. Alliance Trust’s monthly study of age-related inflation revealed a drop in the inflation rate facing the over 75s to 3.9% in April, compared to 4.6% in March. The over 75s inflation rate was still 70% higher than the official headline rate of 2.3%.

The gap between the inflation rates facing the young and old widened, with the elderly facing an inflation rate 77% higher than under 30 year olds. Inflation rates across all age groups are lower than at this time last year as they benefit from reductions in gas, electricity, petrol and food price inflation, but the elderly are benefitting less than others because the cost of basic goods and services remains high.

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US consumers’ financial wellbeing improves slightly

Alliance Trust’s Research Centre has launched a new measure, the US Financial Reality Index, which tracks US consumers’ financial wellbeing. The new index showed that US consumers saw a slight improvement in their financial wellbeing in the first quarter of this year as inflation eased the pressure on household budgets, but their situation remains extremely depressed.

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Alliance Trust study finds consumers' financial wellbeing at new low

A 12-year financial reality study by Alliance Trust has found that UK consumers face the worst all-round financial situation yet, caused by a sharp fall in economic growth, soaring unemployment and a continuing drop in the value of their net wealth.

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