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Older people and cost of living: who’s most affected?

Older people and cost of living: who’s most affected?

30 March 2023
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National Seniors Australia conducted research into older people and the cost of living to find out who is most affected.

 

Summary

There is great diversity in the ways older people are experiencing the increasing price of most goods and services they need to live their lives. National Seniors Australia partnered with  Challenger to investigate how pressures from the cost of living are affecting the lifestyle, retirement finances and the financial security of people aged 50-plus living in Australia.

This investigative snapshot highlights findings from a 2023 survey question about the impact of recent cost of living increases on respondents' lifestyle including:

  • Low or high income households
  • Renters vs Mortgage Payers vs Home Owners
  • Singles and Big Households vs Couples
  • Rural, Remote and Metro
  • 50 Years of age vs 60 plus
Older people and cost of living: who's most affected?
Cost of Living March Snapshot #1
Cost of Living March Snapshot #2

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Giving older Australians a better future

National Seniors is a not-for-profit membership and advocacy organisation that gives older Australians – working and retired – a strong national voice. We tackle issues such as age discrimination, mature age employment, the Age Pension, social inclusion, cost of living concerns and more.

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