Rising bills due to the cost-of-living crisis is the main factor driving retirees over 50 back to work, according to new data from the Office for National Statistics published today.

A spike in the divorce rate has increased the risk of financial vulnerability, the Financial Vulnerability Taskforce (FVT) has warned.

Two in three (64%) households that currently save have either already decreased or stopped their savings habit altogether, or expect to have to do so, due to increased living costs.

The financial resilience of the average UK household has fallen to just 19 days, according to a new report.