the scale of consumer vulnerability in the uk n.
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Everything you need to know about Prepaid Funerals. Learn about how they work, prices, inclusions, red flags, FAQs and find the best Prepaid Funeral Plan.

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the scale of consumer vulnerability in the uk

The scale of consumer

vulnerability in the UK

Caring responsibilities

6.5m people in the UK have

signifcant caring responsibilities.

Carers UK project this will reach

9m by 2037.

Literacy and numeracy

One in seven adults has

literacy skills that are expected

of a child aged 11 or below.

1 in 8 adults care,

unpaid,for family

and friends (Carers UK website, 2014)

And...

Just under half

of UK adults have

a numeracy

attainment age

of 11 or below

(Department for Business,

Innovation and Skills, 2012)

Living with dementia

NOW

+40 YEARS

There are 800,000 people in the UK living with

varying degrees of dementia, and this is expected

to double over the next 40 years

Internet

Of the 7.1m adults in the

UK that had never used

the internet in May 2013,

over half were disabled

(3.7m) and nearly half were

over 75 years of age (3.1m).

(Department for Business,

Innovation and Skills, 2013)

Summary

Dementia affects 1 person in 6 over 80

(Age UK,2013)

Disability

16%

of working

age adults

have a disability

(Family Resources Survey,

2011/12).

Savings

Almost half of adults do not

have enough savings to cover an

unexpected bill of £300 (Money Advice Service)

Mental illness

In any given year,

one in four adults

experiences at

least one mental

disorder (NHS, 2007)

Cancer

Every two minutes someone in the UK is

diagnosed with cancer (Cancer Research UK 2014)

NOW

Old age

Over 1.4m people in the

UK are aged 85 or over.

The number of people over

85 in the UK is predicted to

double in the next 20 years

and nearly treble in the

next 30 years (Age UK, 2013)

By 2020 half of the

UK population can

expect to be

diagnosed with

cancer at some point

in their lives (Macmillan 2014)

+20 years

+30 years

Fair treatment of all customers is central to core conduct

Vulnerable People Need Special Attention

Financial Conduct Authority

9