Property News · November 22, 2015

Triple lock deal keeps pension incomes rising – and puts pay in the shade


The average retired household income has outstripped inflation by 14.3%, while workers’ pay has fallen 4.4%The wealth gap between retirees and workers has accelerated since the recession, as pension incomes rose while pay remained stagnant, according to a report released today.Since 2008 the average retired household income has grown by almost a third, outstripping inflation by 14.3%, according to calculations by insurer Canada Life. By contrast, working households have seen their incomes fall by 4.4% in real terms. Continue reading…

Source : theguardian.com
Read more…Triple lock deal keeps pension incomes rising – and puts pay in the shade

You may also like...