Tuesday, June 26, 2012
Get ready to have those smug grins wiped right off!
Pensioners have enjoyed the fastest-rising incomes over the past decade and will shoulder less of the burden of the coalition Government's tax and benefit changes than working age people, according to research published today. The respected Institute for Fiscal Studies found that pensioner incomes have risen by 29.4pc since 1999 while those of non-pensioners have risen by just 26pc. More than 40pc of pensioners are in the top half of the income scale now - 20 years ago, only 25pc were in that category.