The number of pensioners living in poverty is increasing, according to new figures from the DWP.
The latest Household Below Average Income figures show pensioners in poverty rose from 300,000 to 2.5 million (before housing costs) and 200,000 (after housing costs) to 2.1 million between 2005/06 and 2006/07. However, the overall figures for the last 10 years are more encouraging with the number of pensioners in absolute poverty falling 1.9 million after housing costs. Those in relative poverty also decreased by 900,000 (AHC). Pensions Minister, Mike O’Brien says: “We need to build on the progress of 2 million pensioners taken out of absolute poverty since 1997. "That's why we're spend...
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