Ireland's elderly population gained considerably in wealth in the five years from 2004 and 2009, with gross weekly income up by 48 per cent to average €428.86 million.
A new report from the Central Statistics Office found that the risk of poverty in the over 65s had dropped to 9.6 per cent from 27.1 per cent.
The rate of consistent poverty dropped to 1.1 per cent from 3.9 per cent.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team