After historic falls in the 00s, 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 analysed data from a survey that tracked the financial status of people at State Pension age and above across nearly a decade between 2010 and 2019. The report takes these findings and puts it in the wider context of poverty in later life. It ends with calls on decision makers to take specific and necessary 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.