Colin's Comments

Thursday, December 14, 2006

Young People ‘Raid’ savings to pay winter bills


Here's an interesting bit of research from the Halifax/Bank of Scotland company Birmingham Midshires. They’ve found that 31 % of young people (in this case, people under 30) have to use money they’ve saved to pay winter heating bills. They also find that people over 50 are better able to cope with rising bills. The problems of fuel poverty for older people have (quite rightly) received quite a bit of policy attention in recent years. This is only one small piece of research but does this mean that there is need to look more closely at similar issues for other age groups?

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