People Are Using Savings to Pay Bills

The video discusses the financial challenges faced by individuals due to the high cost of living, recession, and low interest rates. Many people are using their savings to cover monthly expenses, with significant amounts being spent on living costs. The video highlights the impact on older generations who rely on investments for income. It encourages them to explore their earning potential, as they are healthier and living longer. Despite the recession being officially over, its effects are still felt.

What are some reasons people are relying on their savings to pay monthly bills?

What percentage of adults have used their savings to pay monthly bills in the past year?

How much on average have people spent from their savings on living costs?

What concerns are raised regarding older generations and their financial stability?

What advice is given to people in their 50s and 60s regarding their earning potential?