According to a report from the International Financial Consultants Deloitte, families in the UK are under pressure due to the pinch of their finances. The report has also confirmed that the rising inflation has worsened the condition of workers and adding to their misery is low pay rise or a freeze on wages.

For the first time after the 1870s, the wages that the workers earn by working hard day in and out have been frozen for 4 successive years. The report states that there will be a rise by 2.4% in average earnings this year but inflation will rise higher by 4.4% than average earnings. As a result, disposable incomes will fall by £780 this year. It will not return to the previous peak in 2009 until 2015.

Average annual earnings have weighed lower than inflation for the past three years since the rocketing prices of everyday goods and increasing household bills have outweighed wage rises. Some employees have received very small pay rises while some have suffered a freeze on wage rises and some have got their pay cut.

However, the situation for the retired homeowners is not as grim as it is for employees and other retires in the UK. The retired homeowners can support themselves with the flow of cash from the accumulated equity values of their residential properties. They can seek equity release plans along with guidance from equity release providers at therightequityrelease.co.uk.