Saturday, May 20, 2017

Fact of the Day

The government's preferred measure of pensioner poverty is after housing costs have been taken into account. Nearly three-quarters of pensioners live in homes that are owned outright (compared with roughly one in five of the working-age population) and so are less likely to have high housing costs.
On that measure, 16% of UK pensioners are in poverty, which is 1.9 million people. There are also measures of absolute poverty, which may measure whether people are able to afford a basic lifestyle - about 8% of pensioners fall below the threshold for material deprivation.

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