A new study finds that the num­ber of UK seniors liv­ing in poverty has decreased by a third in a span of ten years. There are now 2 mil­lion UK seniors liv­ing in poverty com­pared to 2.9 mil­lion in 1999.

From the UK’s Tele­graph, we find this break­down of the numbers.

The ONS analy­sis found that the dif­fer­ence in income for the rich­est and poor­est house­holds was lower for pen­sion­ers than for peo­ple who were not retired.

But it added that income inequal­ity increased dur­ing the past three decades, par­tic­u­larly dur­ing the period between 1977 and 1990.

There has also been a pro­nounced shift in the source of pen­sion­ers’ income since 1977.

Money from occu­pa­tional pen­sions and annu­ities accounted for an aver­age of just 18pc of retired people’s income in 1977, with the state pen­sion account­ing for 53pc.

But by 2007/08, the lat­est period for which fig­ures are avail­able, the state pen­sion made up only 37pc of the money pen­sion­ers had com­ing in, with occu­pa­tional pen­sions and annu­ities account­ing for 36pc.

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