Average pensioner incomes have increased by 50% between 1994 and 2011, according to the latest research from the Office of National Statistics.
In 2010/11, pensioner couples received average household incomes of £610 per week, compared with £345 per week for single men pensioners and £279 per week for single women pensioners. This includes occupational, private and state pensions. 4.8 million house-holds received private pensions while 1.9 million pensioners lived on state benefits alone in 2010/11. Vince Smith Hughes, head of business development at Prudential said: "The onset of auto-enrolment will go a long way to getting younger people on the path towards creating a nest egg for retirement." The research also found ave...
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