The UK has one of the highest levels of poverty among its elderly population in Europe, according to figures released by the European Commission.
The figures reveal that Britain's over 65s have the fourth highest level of poverty among retirees in the 27 member states of the European Union (EU), with many pensioners living on incomes well below the national average.
Counter to younger generations, older citizens may be unable to work in order to avoid poverty. Debt consolidation advice could help ease the burden of financial difficulties faced by people in such a position. At present, poverty amongst those of retirement age in the UK stands at 30 per cent, which is significantly higher than the EU average of 19 per cent.
Brendan Paddy of Age Concern and Help The Aged told the BBC: "The findings are quite shocking, particularly because some years ago we were beginning to see poverty amongst older people in the UK begin to drop, but that progress has now very definitely stalled."
Poverty among UK elderly could increase need for debt advice
Wed, 29 Jul 2009
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