New Analysis Highlights Monetary Challenges Confronted By Older Noncitizens In The West Midlands

A examine by specialists at Aston College has been launched as a part of the UK’s Discuss Cash week (6-11 November), providing vital insights into the monetary wellbeing of older noncitizens within the West Midlands. The examine highlights their vulnerability to monetary shocks attributable to restricted entry to social security nets, together with welfare help.

It confirmed that solely a small quantity possessed an lively pension, leaving many with out a security web for later life.

The analysis, performed by the Centre for Private Monetary Wellbeing, discovered that noncitizens usually resort to individualised and relational coping methods to navigate their monetary challenges.

Individualised methods contain participating in numerous types of work to bolster monetary safety, albeit usually in precarious work situations.

Relational methods entail counting on relations or shut mates for monetary or different sources, although some noncitizens face further cross-national monetary obligations, exacerbating their monetary vulnerabilities.

This analysis is a part of an ongoing examine into the monetary and different precarities confronted by older noncitizens.

Dr Katie Tonkiss, a senior lecturer in sociology and coverage who led the mission, mentioned:

“These methods, whereas not distinctive to noncitizens, emerge as a direct response to their restricted entry to welfare help attributable to their immigration standing.

“Notably, noncitizens recognise that getting citizenship standing might improve their monetary safety, however the related prices stay too excessive.

“This example leaves them trapped in a precarious monetary predicament, doubtlessly worsening of their later years.