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The Purchasing Power of the Elderly in Six EU Member States. Report prepared for the project ‘Home Sweet Home’

TitleThe Purchasing Power of the Elderly in Six EU Member States. Report prepared for the project ‘Home Sweet Home’
Publication TypeReport
Year of Publication2011
AuthorsGoedemé, T.
Pagination20p.
PublisherHerman Deleeck Centre for Social Policy, University of Antwerp
Place PublishedAntwerp
Keywordselderly, EU-SILC, Europe, income inequality, income situation
Abstract

In this report I present some basic information on the level and distribution of the elderly persons’ incomes in Belgium, Germany, Spain, Ireland, Italy and the United Kingdom. The elderly are defined as all persons aged 65 and over. The report discusses cross-national demographic differences as well as differences in tenure status and housing costs. It is shown that both types of information are crucial to correctly interpret cross-national differences in income levels. EU-SILC data for 2007/2008 suggest that the purchasing power of the elderly is highest in Germany, followed by the UK and Ireland. The average purchasing power is lowest in Spain and somewhat higher in Belgium. Although cross-national differences in purchasing power are non-negligible, differences in purchasing power within countries are much larger and may be a much more important factor to consider when determining the price of new tools for elderly care.

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