Old-Age Income Poverty

On average, 13.5% of over 65s in OECD countries live in income poverty, defined as an income below half the national median. There is large variation between countries, from two with practically no old-age poverty to four with poverty rates double the OECD average. Poverty rates are higher for older people than for the population as whole, which averages 10.6%. A greater proportion of older women live in poverty than older men and old-age poverty rates increase with age.