Old-age Poverty Has a Woman’s Face

This year marks the 20-year milestone of the Madrid International Plan of Action on Ageing, a landmark agreement in which Governments committed to “building a society for all ages”. The Madrid Plan of Action contains a broad range of objectives, including that of reducing poverty among older persons. Poverty is a particular risk for older persons. Most people work less or stop working altogether at some point in old age, either for health reasons, family responsibilities, because they must or want to retire at the statutory retirement age, or because discrimination undermines their employment opportunities. While many older persons remain productive, many of their contributions to their countries’ economies, to their communities and to their families are not formally recognized or paid. Their economic well-being depends on the availability of public income support, affordable health care, family support and savings to a greater extent than that of the working-age population. Because of the disadvantages they experience throughout their lives, older women may suffer from higher levels of poverty than old men.