Where pensioners get their income
Today sees the release of three chapters of the ONS Pensions Trends series. I can’t claim to have developed any great new insights from the figures in these as there often is not much change from year to year. But I was struck by a time series looking at where pensioners get their income.
This graph shows for the average pensioner household how much comes from state and private sources. It is noticeable how much more private pensions contribute today compared to when the series starts.
Gross income by source (BHC) for retired households
United Kingdom, average per household, £ per year, 2010/11 prices