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The Telegraph
The Telegraph
7 Jul 2023


Almost 390,000 people who took early retirement during the onset of the pandemic have fallen into poverty, according to a leading think-tank.

The Institute for Fiscal Studies (IFS) said around half of those aged 50 to 70 who left the workforce in 2020-21 ended up living in “relative poverty” because of “labour market disruptions or health concerns”.

This means their annual income is less than 60pc of the average household – or around £15,400 for a childless couple.