The impact that wealth and social class has on people's well-being in old age is far greater than is often assumed. New research from the Economic and Social Research Council reveals just how great the difference really is in people's health and well-being between different social groups at older ages.
The research, conducted by Professor James Nazroo in the Department of Sociology at the University of Manchester, together with colleagues at UCL and the Institute for Fiscal Studies, reveals that:
"These findings have important implications for us all." said Professor Nazroo who led the research team. "Increases in life expectancy raise major challenges for public policy. Among these is the need to respond to marked inequalities in economic position and life expectancy at older ages. In addition, despite the fact that we are all living longer, many people now stop work before the statutory retirement age and a large proportion of these still have the potential to provide a positive input into society, the economy and their own well-being. Our findings will help us understand how society can help people realise this potential."
The study was based on a detailed analysis of the English Longitudinal Study of Aging (ELSA) using date collected between 2002 and 2007.
|Contact: Danielle Moore|
Economic & Social Research Council