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  • Retirement and money

  • Creative Commons, ryanvaarsi (2010) ©

Retirement and money

A 2010 report from Aviva sheds light on the financial state of Britain's senior citizens.

Location United Kingdom

A recent report from Aviva gives us an insight into the financial state of Britain's senior citizens. It looks at how retirees are spending and saving, as well as their worries, analysing data over three different age groups in the 55+ demographic. Here is a summary of the key findings:

Budget and spending - Pensioners’ spending increased sharply between 2005 and 2009; food increased by 25% and fuel and lighting by 77%. Between them these two costs account for 40% of a single pensioner’s expenditure and 36% for a couple. At around a quarter of total ...