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Centre for Policy on Ageing | |
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| Financial exclusion among older people | | Corporate Author | Financial Exclusion Programme, Help the Aged; Andrew Irving Associates |
| Publisher | Help the Aged, London, 2006 |
| Pages | 36 pp |
| Source | Help the Aged, 207-221 Pentonville Road, London N1 9UZ. E-mail: info@helptheaged.org.uk Website: www.helptheaged.org.uk |
| Keywords | Poor elderly ; Financial services [older people] ; Isolation ; Social surveys. |
| Annotation | Research conducted by Andrew Irving Associates for Help the Aged's Financial Exclusion Programme indicates that post office closures are having - and will continue to have - a major impact on many older people in accessing cash and managing their money. This report considers the characteristics of financially excluded people. It quotes older people in its sample (mainly from lower socio-economic groups), who describe their day-to-day management of finances, and explain financial exclusion. Among their problems with financial services are access to cash and bank accounts, post office closures, and debt and borrowing. Disability problems, new technology, social isolation, personal safety and security, and financial abuse are quoted as the key factors that encourage financial exclusion. The report outlines factors likely to reduce financial exclusion, but notes the limited availability of sources of advice. It concludes with a discussion on financial inclusion conducted with 10 older residents on the Aylesbury Estate, Southwark. (RH). |
| Accession Number | CPA-070125002 B |
| Classmark | F:W6: J: TP: 3F |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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