HomeNewsLatest NewsEthnic Inequalities Among Over-50s In England Continues To Rise

Ethnic Inequalities Among Over-50s In England Continues To Rise

A new research has revealed that over-50s from black, Asian and minority (BAME) backgrounds are lagging on income and home ownership.

A new research has revealed that over-50s from black, Asian and minority (BAME) backgrounds are lagging on income and homeownership.

The Centre for Ageing Better, Institute for Public Policy Research (IPPR) and University College London (UCL) revealed that most people from BAME communities are most likely to retire later than white people. It has also been revealed that BAME people aged 50-70 have a lower chance to own homes than their white peers.

Due to the coronavirus pandemic the rate of ethnic inequalities which had been “deeply entrenched” before, has further worsened.

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Most over-50s from ethnic minority backgrounds are most likely to make up almost a fifth of the poorest population in England, with the majority of them earning an average of £100 less per week compared to white people, the research revealed.

The chief executive of the Centre for Ageing better, Anna Dixon, said: “Our new research shows that ethnic inequalities are deeply entrenched among the generation approaching later life, with those from black, Asian and minority ethnic backgrounds facing disadvantages across many areas of life.

“As older generations become increasingly diverse, it’s vital that these inequalities are tackled so that no one misses out on a good later life.

“This means better-paid work, more affordable and better housing, and targeted measures to reduce ill health for people approaching later life from BAME backgrounds.”

According to the research, almost a third of black and a quarter of people from the Asian minority backgrounds live in impoverished areas.

A senior research fellow at IPPR, Anna Round, said that the findings of the research have shown huge differences within the over-50s group – for instance in health and financial well-being.

The research project was meant to look into factors that define a “good” later life, including financial security, strong health, social connections, as well as, meaning and purpose.

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