One third of disabled adults are in 'serious' financial difficulty

25% have cut down or stopped receiving private medical services

Jaskeet Briah
clock • 3 min read

New research has found that nearly one third (27%) of disabled adults are in “serious” financial difficulty, compared to 11% of non-disabled adults.

The University of Bristol's Personal Finance Research Centre and the Research Institute for Disabled Consumers (supported by abrdn Financial Fairness Trust) investigated financial wellbeing among 815 disabled adults. The research found that over one third (37%) of disabled people who acquired their disability suddenly were in a ‘constant struggle' to pay bills, compared to 24% of adults who had been disabled since birth, and half (52%) were unable heat their home and keep it comfortable. Additionally, 25% of disabled adults have cut down or stopped receiving medical services they were...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Quarter of businesses not benchmarking benefits: Towergate

Quarter of businesses not benchmarking benefits: Towergate

Towergate Employee Benefits research

Jaskeet Briah
clock 12 November 2024 • 1 min read
Circle Health launches health insurance service for businesses

Circle Health launches health insurance service for businesses

Getting people back to work

Jaskeet Briah
clock 06 November 2024 • 2 min read
Broadstone boosts employee benefits division

Broadstone boosts employee benefits division

Increasing demand for more flexible benefits

Jaskeet Briah
clock 04 October 2024 • 3 min read