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An elderly lady holding a British Gas bill at home in Liverpool
EVEN more 65-year-olds are living in poverty due to the state pension age rising to 66, a damning study finds.
Around one in seven 65-year-olds were in income poverty in late 2020 because of the state pension age increasing by one year from 65 to 66, the Institute for Fiscal Studies (IFS) found.
The key impact of this was that 65-year-olds missed out on state pension income of £142 per week on average, the think tank said.
The absolute income poverty rate for 65-year-olds rose by 14 per cent — nearly 100,000 people — to reach 24 per cent by late 2020, according to the findings, funded by charitable foundation the Centre For Ageing Better.
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