U.K. Pensioners Overtake Working Family Incomes for First Time
- Older households are 20 pounds a week better off than workers
- Change driven by employment, private pensions: Resolution
A salesman talks to customers at a car dealership in Rochford, U.K.
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The U.K.’s pensioners are enjoying higher household incomes than working families for the first time, underscoring the seismic shifts in wealth distribution and living standards in British society in recent years.
New members of the older generation are more likely than previous cohorts to still be in employment, own a home and also have a private pension, according to a report by the Resolution Foundation for the Intergenerational Commission.