Growing inequalities between rich and poor elderly people, say reports

The wealth gap between rich and poor elderly people is growing, according to reports published today.

Research by the Centre for Ageing Research and Development in Ireland project shows the average incomes of the poorest fifth of pensioners have fallen by €24 per week between 2009 and 2011.

Between 2004 and 2011 the poorest older people had a modest rise of €32 per week in total incomes while those with the highest incomes had a rise of €255 in the same period.