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We all knew older generations are increasingly better off than their younger counterparts - but now a new study has found recent retirees are actually

London households can expect to burn through £2.3m over the course of a lifetime, dwarfing the UK’s average expenditure by almost half a million.

Poverty among people who are working has risen despite a recovery in the UK economy, a study suggests.

The Chancellor should invest in a scheme that could deliver 80,000 affordable homes a year for ‘just managing’ families in the Autumn Statement, according to the independent Joseph Rowntree Foundation (JRF).

“The poor are always with us,” goes the Victorian maxim, but not everyone believes that has to be the case. Some organisations have begun to make the bold suggestion that we could do far more than simply alleviating poverty in the UK and actually set out to end it. In fact, that’s the premise of a new strategic report from social change think-tank the Joseph Rowntree Foundation (JRF). Solving poverty will not be quick or easy, the organisation warns, but it’s time to start discussing how it could be achieved.

Pensioner households are £20 a week better off on average than those of working age, a report says.

Pensioner household incomes have overtaken those of working age equivalents for the first time, a new study found. Elderly spending power has been boosted by a new wave of pensioners who tend to still be in work, own a home and receive generous pension pots, analysis by the Resolution Foundation for the Intergenerational Commission shows. The As Time Goes By study, which charts income changes across different generations during the past half century, states low growth for working age households has coincided with a surge in pensioner wealth.

Resolution Foundation says inflation, welfare cuts and squeeze on pay will punish least well-off hardest

Rising inflation has ended a two-year boost for working-age households, says the Resolution Foundation.

According to a study, by the time the average adult hits their half a century putting a roof over the family's head, eating out and sunshine breaks will have cost a fortune

Boost in pensions is main driver of rising standards for low-income groups, ONS figures show

The number of people living in poverty despite having a job has reached a record level because of a combination of high rents, low wages and benefit cuts, a new report has warned. It concluded that the economic recovery and the growth in employment in recent years has not been translated into rising living standards. The …

The study said that older people spend 14.5 per cent less money than other groups. It comes at a time when older people have higher average disposable incomes than at any time in the past.