25 June 2008
Figures supplied by Standard Life have revealed that the
disposable income of pensioners will be swallowed up by basic
living costs within the next 20 years.
A 65-year-old with £80,000 of pension savings will spend
their whole monthly income from the State and private pensions on
simple living expenses such as food and fuel by the time they are
85. This is mainly a result of pensioners buying a pension which
does not increase during payment to reflect inflation.
