Spending cuts need to be extended to pensioners

The older generation should have to contend with spending cuts in the same way as other groups. The younger generation has taken on most of the burden when it comes to the recent austerity measures implemented by the government. Pensioners should share the burden of government spending cuts and should no longer receive special treatment, according to the Institute of Economic Affairs (IEA). The IEA has calculated that almost £16 billion could be saved by scrapping pensioner benefits. The savings could be used to pay for lower taxes and benefit top-ups for low income families.

Living costs higher for people living in remote rather than urban areas

Minimum standard of living cash requirements are higher for people living in rural locales. More money is needed by people living in remote regions to fund their living costs. Residents of rural areas need to take home up to 20% more money than urban dwellers to reach an acceptable standard of living, according to a new report. The Commission for Rural Communities found that a person living in the countryside needs to earn at least £18,600 a year to afford a minimum standard of living, which is £4,200 more than a person living in the city. People living in villages need £17,900 a year and those living in rural towns need £15,600, indicating that the further people live from urban regions the more cash they need to live a comfortable life.