Monday, March 5, 2007

Pensioners are not poor

They're just not. The average pensioner is less likely to be in poverty than the average non-pensioner.

Additionally, female pensioners are less likely to be in poverty than male pensioners.

Pensioners own property worth £1.3 trillion. Yet they complain about paying tax on this (council tax).

I should point out that those that can’t pay get council tax relief. Oh, and what is the winter fuel allowance about? Or free travel?

Why am I subsidising people for their stupidity of not saving enough during their lifetimes?

This from Axa on Friday - showing despite the bellyaching, UK pensioners are rather well off.

European cousins aspire to ‘affluent’ lifestyle of retired people in UK and want a common pension system

The UK’s current pensioners are significantly better off when compared to their European counterparts. The average retiree in the UK has £271 to play with after monthly living expenses have been paid and earns £868 per month in pension income.

Those in France and Germany earn a higher pension income than those in the UK – earning £1,051 and £978 respectively, however those in France, Italy and Spain state they do not have enough money to cover their living expenses.

European workers seem to think that UK workers have a better pensions system than them and the majority of countries on the Continent favour a common pensions system whereas Britons are firmly against the idea (58%). Those in favour include Portugal (86%), Spain (78%), Italy (66%) and France (51%).

Steve Folkard of AXA continues: “With the majority of Europeans having less disposable income in comparison to their UK counterparts, it is hardly surprising they favour a common pensions system that could bring their financial situation inline with the more affluent UK.”

1 comment:

DoctorShoot said...

E
it cuts two ways:

alas there are innocent victims amongst your accused accursed aged aesthetes of earlier eras...

some people worked very hard to accumulate sufficient resources only to be stripped of their savings / investments by merciless shonkey con men.

In Australia it is estimated that in the last 30 years more than 6,000 people have had all or part of their life savings stripped by shonks like... (endless list of property investors, tricksters, con artists, incompetent and negligent fund managers, investment cowboys etc etc...)

pensioners who have their lives ruined by the later generation...

cheers
Doc