Study shows: six out of ten of those affected by the cost of living crisis are women
Dublin: The study shows that women and families who can afford to rent are the most affected by the rising cost of living. Aramark’s research provides information about the groups most affected by the country’s price rises and inflation.
According to the study, four out of ten Irish people have a very poor quality of life. Six out of every ten people affected by the cost of living crisis are women. 46% of women are financially disadvantaged. They have worse mental (56%) and physical (66%) health than men (72%). The study points out that the living and financial difficulties of renters are almost double (68%) compared to renters (39%). 67% of renters have living budgets out of whack.
The study also says that people are paying attention to strategies to cope with the cost of living crisis. Eight out of ten people wear warm clothes to reduce their heating bills. According to the study, the demand for warm clothing worn indoors during the winter months has reached a new high.
57% of seniors revealed that they have increased spending on essential living expenses, and 69% have cut back on non-essential expenses. According to the study, a third of seniors are also trying to find money for small pleasures in life despite current financial pressures. They are also planning foreign trips in the next three months, says the study.
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