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Any of them dependent on pensions or income paid in sterling saw their buying power collapse in 2009, when the pound plunged to €1.02.
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That said, those dependent on private pensions are less likely to feel ripped-off as a result of some the pension reforms, including the right to independent advice.
The French system follows a pay-as-you-go model, with retired people highly dependent on state pensions.
The greater frequency of divorce and cohabitation has meant that more women are wholly dependent on the pensions they earn in their own right.
Work and Pensions Secretary Andrew Smith emphasised that it had already been ruled out because it would "disproportionately" hit those on lower incomes who are most dependent on state pensions.
According to the research, the people who will experience the greatest levels of financial stress are young single people on limited incomes who rent small flats from local councils or housing associations, and older pensioners who have found their retirement incomes eroded by inflation and are dependent on state pensions.
Nine of the participants were dependent on their pension funds with only one participant being supported by relatives.
Not only would home-owning seniors benefit, but the government would be able to redirect funds to those who need it most, such as increasing rent assistance to non-homeowner pensioners and increasing the base rate for those who are completely dependent on the pension.
It said it wanted the super system to help people most at risk of becoming dependent on the pension in their retirement.
Over 70% in both arms have a health care card (i.e. government coverage of health care costs for those with inadequate income), over half are dependent on a pension or benefit (e.g. single-parent support), over half have only completed either apprenticeship level, year 12 education or below and while most are Australian citizens, over a third are born overseas.
the CPI covers the spending of all UK households but the RPI excludes the spending of the wealthy, and those pensioner households who are mainly dependent on the state pension and benefits - together about 13% of the population.
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