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Absolute Poverty Figures Announced - March 2024
Created: 25/03/2024
News/Events Category: General News
This item will show under the following categories: Children and FamiliesThe Absolute Poverty Figures were announced on Thursday 17 March 2024.
The energy price crisis caused the sharpest increase in UK absolute poverty in 30 years, new figures show.
Steep price rises, following Russia's invasion of Ukraine, meant hundreds of thousands more people fell into absolute poverty. The figure jumped to 12 million in 2022-2023, a rise of 600,000.
This means the rate of absolute poverty in the UK now stands at 18% - a rise of 0.78 percentage points.
More children in poverty
The level of absolute poverty amongst pensioners barely changed on the year and remains at one of the lowest levels on record. Pensioners were eligible for extra cost-of-living support like the £300 top-up to the Winter Fuel Payment.
However, the number of children and working-age adults in poverty each rose by about 300,000 people. In these figures, a quarter of children were in absolute poverty. This is a 2% point rise in the rate of child poverty, the highest since at least the mid 1990s.
Click here to read the report.
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