Cost of living is outstripping pensioners' incomes

The provider says its most recent quarterly data reveals between the first three months of 2006 and April to June 2006 average pensioner household income rose by just 0.6% while essential expenditure rose by 3.8% – more than six times as fast. The research is compiled by the Centre for Economics and Business Research (CEBR) and tracks how retirement comfort changes over time by measuring the income that pensioners have left after paying household bills. It says although pensioners’ incomes have risen – with the post-tax income of an average pensioner household rising by 31% since 1995, ...