The Institute of Fiscal studies stated that when the next year’s official statistics will be released, they will prove that Britons have faced the biggest financial problems due to the fall in take-home pay for the average family, since 1981.

There is a fall of 3% between April 2010 and April 2011. This kind of fall was seen last in 2004/05. From the speculation, it can be calculated that the drop of income of every family consisting four members (two elders with two children) is £19/week and almost £1,000/year.

It can be considered as the latest effect of credit crunch where VAT rose in January up to 20% and also a certain amount of hike was made on the interest of national insurance. These affected the poor householders.

The situation can be even worse in the following year. For the first time in three years, the Bank of England can put up their interest rates. There can be more drop of income in the coming year. But, the people who are more than 55 years old and concerned about their income, they can serve through: therightequityrelease.co.uk, to check the rising value of their property. They will get to know from this site that, how much profit they are going to earn through their equity release plans! However, the situation is not really bad for the elderly property owners of UK, due to the equity release plans.