ONS: Pensioner incomes rising faster than working households'

In its paper ‘What has happened to the income of retired households in the UK over the past 40 years?' the ONS looked at pension wealth since 1977 until the financial year ending (FYE) 2016.   It found during that period the disposable income (the amount of money for spending and saving after direct taxes) of retired households increased at an average annual rate of 2.8%. This compared with average annual growth for working households at 2.1%. In 1977 about one-fifth (21%) of retired households had a disposable income of more than £10,000 a year but by 2016 this had increased to 96% o...