Centre for Policy on Ageing
 

 

Financial (in)security in later life
Author(s)Jane Falkingham
Journal titleIN: The social policy of old age: moving into the 21st century; edited by Miriam Bernard and Judith Phillips, 1998
PublisherCentre for Policy on Ageing, London, 1998
Pagespp 93-111
SourceCentral Books, 50 Freshwater Road, Chadwell Heath, Dagenham, RM8 1RX.
KeywordsIncome [older people] ; Pensions ; Social security benefits ; Social characteristics [elderly] ; Social policy ; Poverty.
AnnotationThis chapter explores the changes in sources, and levels, of income for older people in the last fifty years. It examines two key questions. First, have the changes in pension provision over the last fifty years been successful in achieving greater financial security in later life, or is Rowntree's 'poverty of old age' still with us? Second, how has the distribution of income in later life changed, and have inequalities narrowed as a consequence of greater financial security, or are they wider? The author concludes that whilst income security may have improved, there is still some way to go: in 1997, an estimated 3 million older people still live on or below the subsistence minimum.
Accession NumberCPA-980311011 A
ClassmarkJF: JJ: JH: F: TM2: W6

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