Poverty and economic insecurity among BC seniors is growing, according to a study released today by the Canadian Centre for Policy Alternatives. After rapid declines over the 1970s, 80s and 90s, seniors’ poverty rose from a low of 2.2% in 1996 to 12.7% in 2014 (the most recent year data is available)—and many more seniors have incomes just above the poverty line.
The rise is mainly driven by the 28% of seniors who live alone. Single women face a particularly high risk of economic insecurity in old age. A staggering one-third of single senior women live below the poverty line.