Pensioner Poverty - Can you afford to Retire? - www.louise-hunt.com /2016/04/11/pensioner-poverty/

Pensioner Poverty – Can you afford to Retire?I know we keep banging on about this subject but it just won’t go away. I have this uneasy feeling that when I’mdone with my “day job” I’m not going to be able to afford to live on what I’ve earned or saved so far. So where doesthat leave me or the 13.4% of people aged 65+ in the UK and 21.5% if you are in the USA? …well in Poverty that’swhere? Judging by the statistics below it’s better than living in South Korea, but what are you and I going to do toavoid becoming a victim of Pensioner Poverty?

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All the information is out there – we need to get it to the right people.

You will find more statistics at Statista

According to Age UK, 1.6 million pensioners live on or below the poverty line. Too many older people in our societyare poor and low benefits take-up is a key reason. Pensioner poverty remains stubbornly persistent, despite olderpeople being entitled to means-tested benefits designed to increase their incomes, including Pension Credit.

As this report shows, the really big problem is that many older people who are entitled to these ‘top-ups’ to their lowincomes never actually receive them. Last year the Age UK network helped to identify £160 million of benefits forolder people but we know that much more continue to miss out on the money that is theirs by right.

As a result, hundreds of thousands are struggling to afford basic essentials like fresh food, warm clothes, andheating during the winter.

The latest estimates of take-up found that in 2009–102 around a third (up to 1.6 million) of older people who wereentitled to Pension Credit were not claiming it. On average they were missing out on over £1700 a year (£33 aweek).

How Can we reduce the risk of Pension Poverty?

There is a huge network of Charities out there who arelooking after our Older population and they estimate that30% of Elderly people do not claim for all the Benefits theyare entitled to.

The challenge, therefore, is getting the information to thesepeople and making sure they do .

That’s where people like us (yes you and me) can try andpersuade our elderly friends and neighbours to dosomething about it. It starts with contacting the relevantagencies like Citizens Advice, Age UK and Gov.uk givingthem the names and addresses of the people concerned(with their consent of course) and following up to make surethey have all the support and money entitled to them.

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Age UK says: Money worries have a huge impact on our health, wellbeing, and happiness, at any stage of life. Suchpressures can feel all the more frightening and hard to bear for older people, who have few, if any, options forincreasing their incomes. That’s why it is all the more important that they receive additional financial help fromwelfare benefits when they are entitled to them.

This report has set out a number of ways in which the Government can make sure this happens and it is noexaggeration to say that this would transform many lives. Our older people deserve better than to have to countevery penny so they can be confident they can make ends meet at the end of each week. It doesn’t have to be likethis and with the right policies and political will we can consign that to the past, where it surely belongs.

Not quite a Pensioner Poverty but need to do something about your Retirement?

According to Gallup (April 22nd, 2014), the top Financial worry for middle-aged people is Retirement. I am one ofthese people, at nearly 50yrs of age, I have a small number of private pensions each one started and finished withthe job I had at the time. Cumulatively they are not going to keep me in the house that I am currently living in or thelifestyle I enjoy. Despite saving 5% of my Income, the figures did not add up.

I had No Retirement plan ..I needed to do something about it.

Having been in the Network Marketing Business, it was a natural progression for me to to set up a Business Onlineso I started looking for an “Online Business Platform” or “Model”, something I could copy or learn from. I had notechnical background and absolutely no idea how or where to start my own Online Business. What I did know is thatI needed a Retirement plan.

I didn’t have a Product to sell Online. Did it matter? No …that’s when a friend recommended two guys who owned a company called

The Six Figure Mentors

I first came into contact with Jay Kubassek and Stuart Ross in May 2015. I, like most people sceptical at first, but Iwas willing to hear them out. It costs nothing to listen and they told me how they could help me establish

a Business Online.

Everything that Jay and Stuart said made sense, they had a business platform that I needed, they spoke of givingvalue to the customer as a priority and they were honest and open. With Six Figure Mentors, you know right from thestart that it will take you time and effort to set the system up but once set up the system works for you – fullyautomated to make life that little bit easier.

It took me 4 weeks to set up my business through the Six Figure mentors platform. I worked a few hours a day,every day and that’s what you will need to do too.

It takes a lot of effort and determination to complete all of the training programmes, but they are easy and simplesteps to follow. If you need extra help then the Online Community is there to support you.

I also signed up for additional training as I knew nothing about Marketing my Business Online with Facebookadverts (this is my chosen form of Marketing, but there are many other explained to you as you go through the

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This Is Stuart Ross – Co-founder of The Six Figure Mentors.

training)

Take a few minutes out of your busy schedule and listen to what they have to say it could bea life changer with the FREE 7 Day Bootcamp

The bad news is that most people who think about starting an online business and creating a life of freedom andflexibility don’t ever even get started…

Because, well frankly, they just don’t have the technical know how to get up and running.

The good news, however, is that thanks to the Internet it is easier than ever to get up and running as aHomepreneur. Everything you need is out there, sometimes you just need a bit of help finding it.

If you would like to discuss anything relating to Pensioner Poverty then please Contact me

via Skype: louisehunt2012 or email me by clicking here.

Enjoy Your Day,

Louise.

Related Posts:

Becoming a Homepreneur & How to set up a Business from homeWhat is Affiliate Marketing and How to Earn Passive IncomePension Forecast – Is yours looking Bright & Sunny?

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Hi, I’m Louise Hunt. I am a Business Coachand Homepreneur. I teach people how to start

and run their own business online.

The Internet has no barriers where age is concerned Are You Too Old to Start Your Own Business?How To Create Your Own Home Based BusinessThe Elusive Work-Life BalanceGetting Your Product OnlineI hated my Boss so I sacked her!

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Pensioner Poverty – Can you afford to Retire?

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About the Author: Louise

I have always had a "feeling" that I've got more to achieve, more to give and more of the world tosee. I took the huge step of leaving the comfort of my well paid job to start fulfilling this ambition. Iwill share this experience with my friends and family reaching financial independence and livingthe life I want. I have found the answer within the SFM community and hope to share this with asmany people as possible.

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