A report published by the Centre for Ageing Better and the Resolution Foundation which identifies characteristics and incomes of low to middle income households age 50 to state pension age.
In this report we choose to shine a spotlight on a different, often overlooked part of the LMI population: those aged 50 to state pension age. This report aims to better understand the specific characteristics of this group of older LMIs and the challenges its members face.
We define low to middle income households (LMIs) as comprising those in the bottom half of the income distribution with income above the bottom 10% and receiving less than one fifth of their income from means-tested benefits. This covers around 6 million working-age households and 10 million adults. Older LMIs, the focus here, are those where the head of the household is aged 50 to State Pension age. In total they consist of 1.8 million households, almost a third of all LMIs.