Understanding Poverty Among Older Australians: Insights from SOTON25 Research

The State of the Older Nation research finds nearly one-in-four (25%) older Australians are in poverty; and poverty is linked with a range of poorer outcomes and experiences.

Compared to wealthy older Australians, those in poverty have significant lower quality of life, poorer physical and mental health, weaker friendships and relationships, are more susceptible to loneliness, and have greater difficulty accessing the healthcare services they need.

These findings counter the ‘rich boomers’ stereotype. While a majority of older Australians are doing well financially, there are many who are struggling and at risk of facing disadvantage in their later lives.

Interested in finding out what older Australians told us about poverty and wealth? www.cota.org.au/SOTON25

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