Over-50s facing a tough future

People aged over 50 face a bleak future, with falling incomes, rising living costs and higher rates of unemployment, a report suggests. In a survey, 28 per cent of respondents said their standard of living has got worse in the past year, while 30 per cent thought their health had deteriorated.

The worst affected were those close to retirement as their pensions failed to deliver the income they had expected. The report, by the company Saga, was based on a survey of 10,000 people over 50.