Pensioner poverty fall by two-thirds in the last 20 years to reach a record low

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Pensioner poverty fall by two-thirds in the last 20 years to reach a record low - but poverty among young people is on the rise The Resolution Foundation, a poverty pressure group, said deprivation is falling It claims poverty levels among post-war baby boomer generation are low Poverty among younger people is growing and they may be at hardship levels 

By Steve Doughty for the Daily Mail

Published: 00:04 BST, 22 May 2019 | Updated: 00:04 BST, 22 May 2019

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The number of pensioners who live below the poverty line has shrunk by two-thirds in just 20 years, according to a think-tank report.

It claims that poverty levels among the post-war baby boomer generation are ‘the lowest on record’ – thanks to high incomes, decades of surging house prices and extra welfare benefits.

The Resolution Foundation, a poverty pressure group, said measures of how people buy necessities show deprivation has been falling for all age groups since the recession began to ease in 2012.

But it said poverty among younger people is growing and they may be living at hardship levels despite having jobs.

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