Managing finances in later life

Progress has been made in reducing pensioner poverty, however, around a third of pensioners do not claim the benefits they are entitled to. Older people have less opportunity to increase their income through paid work and have been particularly affected by rising energy and food prices and reduced income from savings. This paper draws on research with older people aged 65-84 conducted over a two-year period. It looks at what helps or hinders people to manage their finances, what can protect against or help manage change, the impact of benefit receipt and personal skills and attitudes to money.