A pensioner who depends solely on her state pension and financial savings has warned her revenue barely covers prices as payments soar.

Mary, 84, defined to Express.co.uk how she has been managing her rising prices and the steps she is taking to chop again and make her cash last more.

Mary doesn’t have a office pension as she has labored on and off part-time while elevating her household which sadly meant she missed out on any pension schemes.

She depends solely on her state pension and financial savings which causes fear as payments proceed to rise and her revenue barely covers prices.

The retired nurse mentioned: “The state pension doesn’t go very far at all, especially now everything has gone up; my tax, water, gas, electricity and rent have all increased but my money hasn’t.

“Sometimes I think I would be better off if I didn’t have any personal savings as I would be entitled to more Government support.

“It is a shame as I do find myself struggling with the cost of living crisis, heating my home is the worst problem.”

New analysis from later residing market Lottie has discovered home costs have elevated by nearly 10 p.c within the final 12 months.

Meanwhile, ONS knowledge has discovered a ten p.c enhance in adults over the age of 64 renting inexpensive social housing within the final decade.

If nothing is completed to handle the nation's housing disaster, solely 9 p.c of older adults within the UK could have entry to inexpensive and accessible housing by 2041.

Mary lives in rented social housing however needed to wait round a 12 months for one thing to turn out to be obtainable to her.

She mentioned: “I do think the Government needs to provide more social housing for pensioners like me.

“Heating, electricity and gas are too expensive. My previous house was four bedrooms and I couldn’t afford to keep it heated.

“I now live in a two-bedroom house which is more manageable but I can’t afford to heat all of my rooms.”

Mary went on to elucidate the modifications she’s needed to make so as to make her cash go additional.

She prepares easy-to-make meals and cooks in bulk as she finds cooking in bigger portions is cheaper.

She additionally seems for cheaper gives within the supermarkets as the costs of staple meals have elevated a lot. She buys the non-branded cheaper choices and can usually attempt to purchase meals that's on supply that week.

Mary mentioned: “A worry for me is that if any of my electrical household items like my washing machine were to break I wouldn’t be able to afford to replace them. Even purchasing a second-hand one would put me out of pocket for a while.

“My savings cover most of my expenses but when they run out I’m not sure what I will do. I’m glad the summer months are near and hopefully the weather stays warm as I will be able to save on some expenses like heating.”

A Government spokesperson mentioned: “We recognise the pressures of the rising cost of living and are committed to protecting the most vulnerable, which is why we delivered the biggest state pension increase in history last month, making the full rate of new state pension over £10,000 per year for the first time.

“There are 200,000 fewer pensioners in absolute poverty than in 2009/10, and we are repeating last year’s £300 Pensioner Cost of Living Payment as part of a wider £94billion support package worth around £3,300 per household. We’re also continuing to help families and pensioners with essential costs through our Household Support Fund.

“We're investing £11.5billion to build more of the affordable, quality homes this country needs. Since 2010, we have delivered over 620,000 affordable homes in England, including over 160,000 for social rent.”