Some basic facts about ageing and older people are not well known. An interesting snippet arising from the Centre's work is displayed here.
Fact No. 13
Households with a head aged 65 or over spend 38% of their total non-housing spending on necessities - Food, Fuel and Clothing - compared to 28% for those under 65.
Find out more about these and other related issues in this IFS briefing note, Retirement, pensions and the adequacy of saving: A guide to the debate.
See all CERA publications