Older women more likely to be poor and die sooner due to lifetime of low pay and inequality, according to a study.
The study by the Centre for Ageing Better found that women aged between 65-69 suffered the worst discrimination with just 36 per cent receiving the full state pension in 2014.
It also found that female employees who only worked part-time or in low paid industries were at the greatest risk of having financial worries later in life.
According to the research, a woman in a part-time job was no better off later in life than a woman who had never worked in their lifetime.
Women from ethnic minority backgrounds were also less likely to have pension savings.
The review also discovered that older people with the least money are more likely to have one or more health problems, including diabetes, depression and cataracts.
Poorer people in later life are up to 4.2 times more likely to have diabetes and the area that they live in also impacted their health.
Claire Turner, director of evidence for the Centre of Ageing Better, said everyone should ‘expect a good later life’.
“It should not be conditional on where we live or how much money we have, nor our race, disability, gender or sexuality”.
But cumulative poverty and disadvantage throughout life mean that many people will suffer poor health, financial insecurity, weak social connections and ultimately a shorter life.
These inequalities- with richer older people living around eight years longer than those with less advantage- are shocking and have sustained over time, despite policy and practice designed to reduce them.
Helping current older people and protecting the future generations from this shameful level of inequality in health and wealth should be at the heart of policy making across health, housing, work and pensions.”