Some 96% of retired households had disposable incomes of over £10,000 by the end of the 2016 financial year (FYE), a significant rise from just 21% in 1977, according to the Office for National Statistics (ONS).
Its data showed the mean gross income of retired households, which includes cash benefits but before direct taxes, was £29,000 in FYE 2016 (April 2015 to March 2016), almost three times higher in r...
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