The financial well-being of elderly people

Ruth Hancock and Peter Weir

At the end of the 1980s, the average real income of pensioners was 25-30% higher than ten years earlier but this increase was far from universal.

The gaps between rich and poor, older and younger pensioners, those with and without occupational pensions - and between pensioners and non-pensioners - all grew. Private income does not guarantee a high total income.

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