Monday, April 02, 2018

Pension Inequality

The average pensioner living within London’s Square Mile enjoys an income that is three times bigger than their counterpart in Stoke-on-Trent.

HM Revenue & Customs data showed there were about 1,000 older people living within the City of London, which includes the Barbican estate, who receive a total pension income averaging £37,900 a year. Eight miles away in the London borough of Barking and Dagenham, the mean average pension income that older people had to manage on was £12,800. The only part of the country with a lower figure was Stoke-on-Trent, where the mean average was just £12,300.

In Scotland, mean pension incomes range from £20,000 in Stirling to £13,900 in North Lanarkshire.

 In Wales they range from £18,700 in the Vale of Glamorgan to £13,900 in Caerphilly.

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