Under Pressure: Caring and the Cost of Living Crisis (Carers UK)

The UK is facing a cost of living crisis with inflation at the highest rate for 30 years, driven by soaring energy prices and increases in basics such as food. These rising costs will impact on everyone throughout the UK, and we are particularly concerned about the impact on the already precarious position many unpaid carers face. This will also have a differential effect in parts of the UK. Where there are higher numbers of carers in receipt of carers’ benefits, there will be higher levels of financial stress. Scotland provides additional payments for carers in the form of Carer’s Allowance Supplement which will take the edge off of this financial stress for some carers. However, this is not available to carers in England, Wales and Northern Ireland. Caring comes with additional costs that can significantly impact their financial situation. Carers already have lower financial resilience as caring is often unpredictable and can be difficult to plan for financially. Awareness about caring is still low and not built into financial planning for the future.