Pensioners are worse off now than 50 years ago

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Pensioners are worse off now than 50 years ago

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12-07-2007, 10:31 AM

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Pensioners are worse off now than 50 years ago

According to figures published by the LibDems, today’s pensioners are worse off than they were in the 1950’s. Back then, the average full-time weekly wage was worth £7.08 (equal to £499 in today’s money) while the basic weekly state pension was £1.36 (£91.65). In 2006, the average wage had increased to £549.80, but the pension [...]

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