Briefing Paper: Economic Inequalities in Old Age

Economic Inequalities in Old Age

Economic inequalities exist both between older persons and the rest of the population and among older persons themselves, leaving many excluded from prosperity, resources and decent work. Only a minority of the global population accumulates enough savings and other assets to provide for their own economic security in old age. Many older persons work until they are no longer able to or until they are legally required to retire, and also rely on family support and on pensions, where they are available.

Disparities in old age in income and wealth, access to financial services and employment often reflect accumulated disadvantage due to one’s location, gender, socio‐economic status and other characteristics, ageist attitudes and practices, and lacking or inadequate laws and policies—or their enforcement—that provide for equality and minimum standards of living. Inequalities in old age, as with other inequalities, limit participation, economic growth and social cohesion.

In the context of rapid population ageing, they take on greater urgency. Between 2015 and 2030, the number of people aged 60 and over is expected to increase from 901 million to 1.4 billion.1 Moreover, the regions most disadvantaged by inequalities are those where most older persons live and where population ageing is projected to occur rapidly in the coming decades.

“Inequalities accrue and get reinforced over a person’s life. They come home to roost in later years, often exacerbating each other and causing greater disadvantage.”
Source: Richard Jolly, “Inequality and ageing”, in Facing the Facts: The Truth About Ageing and Development, Age International (London, 2014).

Read our briefing paper here: http://bit.ly/economic-inequalities-old-age

More briefing papers on Ageing.

News |
On 16 June 2025, the President of ECOSOC informed through a note verbale of the decision to appoint eight members nominated by Indigenous Peoples’ organizations to the UN Permanent Forum on Indigenous Issues for a 3-year term beginning 1 January…
News |
DESA is pleased to announce the upcoming high-level event “Sport as a Catalyst for Sustainable Development: Innovative Financing and International Cooperation in Action”, taking place on Thursday, 12 June 2025, at 3PM at UN Headquarters, organized…
News |
The 18th session of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities (COSP18) will take place at United Nations Headquarters in New York from 10 to 12 June 2025. As one of the world’s largest gatherings…