FT Adviser reports “The number of people living alone in later life is on a steep rise, raising concerns many will be facing additional costs in retirement. According to figures published by the Office for National Statistics today (April 4) the number of people living by themselves rose 16 per cent to 7.7m between 1997 and 2007 and could rise to 10.7m in the next two decades.
This rise was concentrated in older age groups. The number of 45 to 65-year olds living on their own increased by 53 percent. By comparison, the number of people aged 25 to 44 living alone fell by 16 percent in the same time period. The figures also showed there were about 3.8m people aged over 65 living alone in 2017, a rise of almost 21 per cent over two decades, and almost six in 10 of those over 65 living alone were aged over 75.” Read all