Older renters risk poverty unless allowance boost – call

Older renters risk poverty unless allowance boost – call


Todays other news
Propertymark worry over Renters Rights Act and agent websites...
The growth follows the relaunch of the lettings division two...
The independently owned firms collectively manage over 2,000 residential properties...
The two companies have worked together since 2021....

A senior figure in the Independent Age charity is warning that older renters face an increased risk of living in poverty.

Director of Policy and Influencing Morgan Vine says new government ‘Household Below Average Income’ figures show there has been an increase of 200,000 pensioners living in poverty, in just one year.

He comments: “We want to see Local Housing Allowance uprated, to ensure older private renters are not forced into dangerous sacrifices simply to keep a roof over their head.”

Vine adds: “[The] new figures released today are extremely concerning as they show that the number of pensioners living in poverty in the UK increased by 200,000 in just one year. 

“We now know that 1.7m older people are in poverty, with 1m more sitting just above the poverty line. That’s far too many people in later life facing financial hardship, and the situation is only getting worse.

“If the UK Government is serious about tackling the high cost of living and lifting people out of poverty, it needs to introduce policies that protect older people on low incomes. 

“Despite some positive interventions, more action is needed.

“High energy costs are a concerning driver of pensioner poverty, and we are living in an increasingly volatile world. 

“In the short-term, we believe the Warm Home Discount should be increased to £400 to better reflect the rising cost of energy.

“And the delivery of a comprehensive entitlement take-up strategy which can overcome the barriers that prevent people in later life from accessing the vital financial support they are entitled to. With the political will, a future without pensioner poverty is possible.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Agency spares a thought for tenants’ affordability problems
There are presently 754,000 vacant properties in England...
New consultation aims to “root out rogue agents” says RICS
The survey measures agents’ sentiment across areas like demand, new...
Thie change is a bid to create a more consistent...
Rental yields up to 7.8% in parts of capital city
Yields ‘sitting pretty’ despite Renters Rights Act woe...
LRG - the former Leaders Romans Group - is issuing...
The sheet must be given to tenants by May 31...
And on top of those three, there are further reforms...
Recommended for you
Latest Features
Propertymark worry over Renters Rights Act and agent websites...
The growth follows the relaunch of the lettings division two...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.