A new government should focus on low to middle income households with people aged 50 up to state pension age, according to research.
It looks at the income of 1.8 million low to middle income households, which are in the lower half of the income distribution but have income above the bottom 10%.
They also receive less than one fifth of their money from means-tested benefits.
While workers aged 50 and over have accounted for two thirds of overall employment growth since 2010, many still struggle to save for retirement.
This is due to squeezed pay, the rising cost of living and a higher divorce rate that has increased the number of single person low to middle income households to 38% over the past 20 years.
The government and employers must work to boost employment and earnings alongside the cost of living, the study urged.
Resolution Foundation senior economic analyst David Finch said: "Support for families on low and middle incomes will be a key election issue. But these families inevitably face a wide range of challenges.
"The living standard concerns of a low income family with young children will be very different to those of a single person struggling to save for their impending retirement."
"The best way to help Britain's two million older households on low and middle incomes is get Britain's jobs boom back on track. This should be a top priority for the next government."
The typical level of wealth at an older low to middle income household including housing, pensions and other savings is £245,000.
This is less than a third of the wealth held by higher income households - £825,000 - of the same age.
Also, half of working women from older low to middle income households earn less than £12,600.
Other research has raised concerns about retirement provision for older workers, with a poll by Aegon finding one in seven workers aged 55-65 are approaching retirement age without a private or workplace pension.
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