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On average, 13.5% of over 65s in OECD countries live in income poverty, defined as an income below half the national median. There is large variation between countries, from two with practically no old‐age poverty to four with poverty rates
double the OECD average. Poverty rates are higher for older people than for the population as whole, which averages 10.6%. A greater proportion of older women live in poverty than older men and old‐age poverty rates increase with age.