as the cost-of-living struggles continue to bite, according to Age Concern.
Around 40% of retired New Zealanders have to get by on their pension alone – a maximum of $496.37 a week for a single person living alone.
Unlike previous generations, many don't own their own homes. To balance the budget in a cost-of-living crisis, something inevitably must give.
Age Concern chief executive Karen Billings-Jensen told Breakfast while last night’s Sunday story on retirees struggling to make ends meet “would have been quite shocking for a lot of people".
She said "it is the reality that we see quite often”. Her major concern is around "those that are suffering in silence".
Link to video and article: Retirees 'suffering in silence' as rising cost of living continues to bite (1news.co.nz)