The Australian Bureau of Statistics reports that the living costs facing aged pensioners climbed 2 per cent and those facing self-funded retirees rose 1.6 per cent in the year since the collapse of Lehman Brothers in September 2008.
The report states that aged pensioners had ''a relatively higher proportion of expenditures on electricity, house repairs and maintenance, property rates and charges and health services - all of which recorded large annual increases''.
Increases in the prices of electricity and water, medical services, insurance and house repairs meanwhile caused financial pain for self-funded retirees.
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www.theage.com.auhttp://www.theage.com.au/business/pensioners-lose-out-in-cost-of-living-index-20091123-izn4.htmlDo you agree with the report? Are you a pensioner or self-funded retiree who has felt financially worse off over the last year or so?
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