Money Box Live: Disability and Finance
Feb 26, 2025•28 min
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Summary
Moneybox Live delves into the financial realities of living with a disability, revealing that disabled households face around £1,000 extra in monthly costs. The discussion covers individual experiences with benefits like DLA and PIP, the complexities of applying, and concerns over upcoming welfare reforms. Experts and personal anecdotes also shed light on support for carers, accessing child trust funds, and improving financial inclusivity with banks and other services.Episode description
Research from charity Scope suggests that disabled households have to find an extra £1,000 pounds a month to have the same standard of living as non-disabled households.
Extra costs include, heating, equipment and transport. Having a disability can also mean navigating the benefits system - a system that Chancellor Rachel Reeves said today would undergo reform by the spring, as the government struggles to manage the rising cost of claims.
Felicity Hannah is joined by Dan White from Disability Rights UK and Sarah Coles, Head of Personal Finance at Hargreaves Lansdown.
Presenter: Felicity Hannah Producer: Sarah Rogers Editor: Jess Quayle
(First broadcast 3pm Wednesday 29th January 2025)
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