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Release: Pension Trends - Chapter 13: Inequalities and Poverty in Retirement, (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

  • Although retired households' income is lower than that of non-retired households, the position of retired households has improved over the last three decades.

  • In 2010/11, income from private pensions accounted for a similar proportion of the average gross income of retired households as the state pension: 41 per cent and 38 per cent respectively.

  • In 2010/11, pensioners with private pensions were more likely to be in the higher income quintile groups.

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 looks at inequalities and poverty in retirement. The analysis looks at average incomes and income inequalities of retired and non-retired households over time. The contributing factors which affect inequalities are discussed and methods of analysing pensioner poverty are investigated.

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.