After historic falls in the 2000, poverty in later life is once again on the rise, at its highest rate since 2008 and steadily rising since 2012. This report summarises the results of commissioned research on income dynamics by City, University of London which analyses survey data tracking the financial status of people at State Pension age and above between 2010 and 2019. The report shows how often people in later life move into or out of poverty, or stay in poverty for long periods, highlighting the experiences of different groups, such as older women or renters. It ends with calls on decision makers to take action to combat poverty in later life.
This report is part of our wider work on poverty in later life. It also links to our Credit Where It’s Due campaign, highlighting the low-uptake of the vital benefit Pension Credit. You can find more information on our campaign here.