Younger people relying on ‘bank of mum and dad’ as cost of living soars – survey

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. These results confirm that the cost-of-living crisis is having an irrefutable impact on the UK’s health Dave Finch, Health Foundation But the report warned that young people in the 18 to 24-year-old age group and low-income people are also most likely to have coped with rising cost pressures by simply not paying at all. That means new action to bring down energy bills; it means new efforts to boost wages for low-income households; it means ensuring that the benefits system helps people to make ends meet Sarah Davidson, Carnegie UK Dave Finch, assistant director at the Health Foundation charity, said: “These results confirm that the cost-of-living crisis is having an irrefutable impact on the UK’s health. “With high prices set to continue and incomes unlikely to rise to meet them, this grim picture is unlikely to change soon.” Meanwhile, research from a charitable foundation – based on a YouGov poll of 2,366 people – suggests that a third of adults are eating less healthily due to the cost-of-living crisis, while a third said they socialised less with their friends because of it. “That means new action to bring down energy bills; it means new efforts to boost wages for low-income households; it means ensuring that the benefits system helps people to make ends meet.”