Poverty is less likely in pensioners, suggests IFS

Closer analysis of the Department for Work and Pensions’ study into the distribution of income in Britain suggests an individual without children and under the retirement age is more likely to fall into the poverty trap once the cost of housing is removed from calculations. In particular, falling poverty rates seen to be limited to the government's favoured groups of families with children and pensioners, says the IFS. The IFS says the gap between the very rich - particularly the richest 500,000 individuals - and the rest of the population has widened since the Labour Party came into ...