23/06/2008

Pensioners At Lower Risk Of Poverty Than Average Person

The latest study by a leading research institute has found Irish pensioners are now at the lower risk from poverty than the general public.

The figures revealed in a preliminary release by the Economic and Social Research Institute (ESRI) shows the risks of poverty for elderly persons have fallen sharply in recent years.

According to the findings, government increases in the state old age pensions have played a major role in bringing about the turnaround.

Pensioners now have lower risks of poverty than the general population, both in terms of income and the combination of low income and deprivation.

Currently, the government is working towards €300 per week state pension by 2012, with a more modest target for welfare payment rates for other groups, such as persons with a disability, lone parents and the unemployed.

In the study, which looked at the current levels of poverty in Ireland, the ESRI suggests focusing on "high risk" groups could yield even greater reductions in poverty overall.

A spokes person for the ESRI said: "The rapid fall in the Irish unemployment rate has had substantial social as well as economic benefits. There has, however, been a growth in the numbers of "working poor".

The full report is due to be released on Thursday, and will discuss the Government's latest proposals for tackling poverty in the state.

(DW)

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