| |
Centre for Policy on Ageing | |
 | |
|
As good as it gets?
— The adequacy of retirement income for current and future generations of pensioners | | Author(s) | David Finch, Laura Gardiner |
| Corporate Author | Resolution Foundation; Intergenerational Commission |
| Publisher | Resolution Foundation, London, November 2017 |
| Pages | 86 pp (Wealth series) |
| Source | http://www.resolutionfoundation.org/app/uploads/20... |
| Keywords | Income [older people] ; Pensions ; Retired persons ; Adults ; Preparation [retirement] ; Statistics [data]. |
| Annotation | Recent strong growth in the incomes of pensioner households and reductions in pensioner poverty are to be welcomed. Set against this are the weaker incomes of working age households, and the challenges faced by younger generations in accumulating wealth. This twelfth report by the Resolution Foundation for the Intergenerational Commission presents findings on the adequacy of retirement incomes for recent cohorts of retirees in Great Britain. It gives projections on the future adequacy of pensions both across and within generations for all of today's working age adults. It focuses on: retirement income levels, and the extent to which they fall below minimum acceptable standards; and earnings replacement rates (the extent to which post-retirement income replaces pre-retirement earnings) assessed against the benchmarks established by the Pensions Commission. The report uses data sources such as the British Household Panel Survey (BHPS; succeeded by Understanding Society, USoc), and the Annual Survey of Hours and Earnings (Office for National Statistics, ONS). Annexes provide more detail on the methods for analysis of earnings replacement rates for recent retirees, and of future retirement income adequacy. (RH) |
| Accession Number | CPA-171128001 B |
| Classmark | JF: JJ: BB6: SD: GA: 6C |
Data © Centre for Policy on Ageing |
|
| ...from the Ageinfo database published by Centre for Policy on Ageing. |
| |
|