Asset rich cash poor in the economic downturn: The financial challenges facing retired older people
This report looks into the experiences of a specific group of retired home-owners (the so called "asset rich cash poor") during the economic downturn. The project investigates: how this group managed their financial circumstances in such difficult times; the impact of the downturn on wellbeing and quality of life; and whether services and support available to this group and other older people could be improved. The study involved gaining the perspectives of this group of retired home-owners as well as those of health and social care professionals, financial advisors and professionals from the not-for-profit sector.
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