menu ☰
menu ˟

Income - Ageing in Ireland

Creator:

National Council on Ageing and Older People

Type: Report
Region: Northern Ireland
Description:

In general, the income pattern of older people is radically different from that of younger adults. The absolute income levels of older people are understandably lower than the population in general because, for most people, retirement brings a significant reduction in income, with older people becoming dependent on some form of pension for the bulk of their income. The income status of older Irish people has improved substantially in the last quarter of a century, mainly because of increases in the level of social welfare pensions. Older people are not a homogenous group, however, and a significant section of the older population is at risk of poverty. On the other hand, some older people have lower financial commitments than younger people as they have fewer dependants and will normally not have to make mortgage repayments. All those aged 70 and over, and many over 65, are also entitled to non-cash benefits such as free telephone rental that further reduce their expenditure commitments. However, many older people may have extra costs due to illness and lose economies of scale when, through the death of a spouse or companion, they begin to live alone.

Date:

02/02/2008

Rights: Public
Suggested citation:

National Council on Ageing and Older People. (2008) Income - Ageing in Ireland [Online]. Available from: http://publichealthwell.ie/node/5584 [Accessed: 15th September 2019].

  

View your saved citations and reading lists

Contributor:

CARDI
 
Click here to view all the resources gathered from this organisation's website.