We have produced this publication according to the arrangements approved by the UK Statistics Authority. It updates the statistics released on 12 July 2012.
The key points from this release are:
- In 2011/12, the average (mean) net income for all pensioner units (pensioner couples and pensioner singles together) was £348 After Housing Costs (£379 per week Before Housing Costs)
- Between 1998/99 and 2011/12, average net income After Housing Costs increased by 35 per cent and Before Housing Costs the rise was over 30 per cent in real terms.
- However, between 2010/11 and 2011/12, average net income Before and After Housing Costs has decreased in real terms by around 3 per cent. This is the second consecutive year in which incomes have fallen, though reductions are not as large as those seen in 2010/11.
Coverage: United Kingdom
Geographic breakdown: Government Office Region
Next release date: June/ July 2014