Pensioner poverty could almost double in next 15 years

Latest research conducted by the UK Collaborative Centre for Housing Evidence (CaCHE) predicts a bleak future, with increasing poverty among older renters as the UK's ageing population grows. It found the number of renters in later life will rise substantially, with almost one quarter of all people aged 65 and over predicted to be living in rented accommodation by 2040.

This will mean the proportion living in the private rented sector more than trebles from 4% in 2022 to 13% in 2040. And, whilst the majority of people in later life will still own their own homes, there will be a decline in the proportion of people aged 65+ living in homes they own or in social homes.