Poverty Hits 400,000 More Children And 300,000 More Pensioners; New Report Says
A new report has revealed that hundreds of thousands more children and pensioners are living in poverty because of increasing living costs and Government welfare cut in two decades.

The Joseph Rowntree Foundation revealed continued increases in poverty since 2012/13. Nearly 400,000 more children and 300,000 more pensioners are now living in poverty.

According to JRF, a total of 14 million people in the Britain currently live in poverty, more than one in five of the UK population.

Prime Minister Theresa May has currently faced many challenges to improve equality in the UK and the foundation once more warned that decades of progress were at risk of being unraveled amid weak wage growth and rising inflation.

Britain’s charity said since 2012 there has been harsh increases in poverty across both age groups and very little progress made in reducing poverty among working-age adults.

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The foundation warns that the housing crisis is creating a poverty time bomb for future generations of pensioners. It says: “The decreasing proportion of the working-age population buying their own home means that in the future more older people are likely to rent and have higher housing costs in retirement,”.

The report calls for a national mission to transform the prospects of millions of people living in poverty in the Britain. JRF asks the government to end the four-year freeze on working-age benefits and tax credits and calls for further reform to the universal credit programme. It says the changes to welfare policy, especially since the 2015 Budget is reducing families financial breathing space.

The poverty rates increased to 16% for pensioners and 30% for children last year. The charity says as many as one in five people across the UK may be in poverty. It defines as being when someone earns less than 60% of median earnings, adjusted for size and type of household.

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