Pensioners' incomes rising fastest, says IFS
UK pensioners' incomes have risen faster than all other age groups in the last 30 years, a study has shown.
The study from the Institute for Fiscal Studies (IFS) described the trend as "a triumph of social policy", arguing that poverty in old age was being reduced.
The research also found that the over-60s are the only age group to have become better off since 2007/08.
The findings may fuel the debate over how much protection pensioners should be given from austerity measures.
Simon Gompertz reports.
- From the section Business