OLDER people will face the greatest income squeeze from surging energy costs this winter — but young people will struggle most to afford their bills, the Resolution Foundation has found.

The think tank’s most recent intergenerational audit has warned that over-75s are expected to spend 8 per cent of household income on bills as they are more likely to live in larger and energy-inefficient homes.

But younger generations, who have seen years of stalled pay growth and high housing costs, will struggle the most as they are less likely to have assets and savings and four times more likely to be on prepayment meters.