ONS reveals fall in pensioner poverty

| January 27, 2010 | 0 Comments
ONS reveals fall in pensioner poverty

The Office for National Statistics (ONS) has today revealed that the number of pensioners living in poverty has shrank by almost a third to two million in 2007/08 from 2.9 million in 1998/99.

Poverty is officially defined as living on 60% of the average income - once housing costs have been paid.

The ONS also revealed that fewer over 60s are relying on the state pension – with more receiving company benefits.

According to the ONS, in 1997, the state pension accounted for just over half (53%) of a retired person’s income, falling to 37% in 2007/08.

Meanwhile, according to the ONS, in 2007 there were one million single person households, aged 60 or over, that were in fuel poverty.

Anyone spending over 10% of their household income on heating their homes are said to be in fuel poverty.

However, the ONS said those aged 60 or over are worst affected by the problem but all age groups are being hit by higher fuel bills - primarily due to the surge in wholesale gas prices in the last few years.

A year ago the number of households in fuel poverty in England had risen to 4 million, a sharp rise from the 1.2 million reported in 2004.

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