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Wednesday, 29 January 2020

Ethnic minority pensioners 'are 24% worse off than others of their age'

Ethnic minority pensioners 'are 24% worse off than others of their age':

Report from The People’s Pension says divide is even greater from gender perspective

The average total pension received by an ethnic minority woman is 51% less than that of a typical white older man, according to a report that highlights “large inequalities” in UK retirement incomes.

The researchers behind the analysis said it exposed a sizeable “ethnicity gap” in pensions, with part of this down to issues with the state pension system.

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