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Release: Pension Trends - Chapter 11: Pensioner Income and Expenditure, (2012 Edition)

Released: 24 October 2012

Contact

David Knight

Pensions Analysis Unit

pensionsanalysis@ons.gsi.gov.uk

Telephone: +44 (0)1633 455633

Categories: Economy, Personal Finances, Pensions

Frequency of release: Ad-hoc

Language: English

Geographical coverage: UK

Geographical breakdown: UK

  • In 2010/11, pensioner couples received average income of £610 per week, compared with £345 per week for single men pensioners and £279 per week for single women pensioners.

  • Average gross pensioner incomes increased by an estimated 50% in real terms between 1994/95 and 2010/11.

  • Average incomes conceal considerable variations between poorer and richer pensioners. In 2008/11, the median net income of pensioners in the highest income quartile was three to four times higher than that of pensioners in the lowest income quartile.

Pension Trends provides a statistical backdrop for the debate on pensions. It looks at changes in pension provision over time in the context of social and economic developments and changes in the policy environment.

This chapter examines the income and expenditure of pensioners.

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.