The Rate Of Poverty Among Elderly Receiving State Pension...

In 2015 The Jersey Household Income Distribution Survey reported that there are approximately 4900 pensioners living in poverty -described as relative low income (after the housing cost) -who exclusively rely on the Jersey State`s pension and have no other source of income except Income Support contributions. It meant that one in every three pensioners struggled to meet basic needs such as housing, food, heating or paying other necessary bills. This figure equated to 28% of all OAPs in Jersey, and it is double of the figure in the UK (14%) (Chief Minister`s Statistic Unit, 2015). The information on the scale of poverty among elderly receiving state pension came after last year`s government decision to remove ten millions pounds from the budget of Social Security,which resulted in the benefit cuts for those with the lowest incomes. While those cuts did not affect state pension itself, which currently stands at  £ 204.15 full rate per week for single person and  £339.01 per couple (gov.je/benefits/pensionsretirement), it had an impact on additional benefits claimed through means tested Income Support (IS) which are household benefits designed to aid in meeting the most basic needs of a Jersey resident such as `the cost of living, housing, medical needs, childcare and carers` (http://www.gov.je/Benefits/IncomeSupport/Pages/index.aspx). The rationale behind the state pension with the Income Support components was that it would lift households at least to the level of a RelativeShow MoreRelatedThe Poverty Of The Elderly2078 Words   |  9 PagesResearch 1) Background Poverty of the elderly is a sensitive political issue in South Korea and it seems to be agreed that welfare policy should address this problem urgently. 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