These four indicators look at the economic situation of older people. The first examines the income of older people, comparing them with the population as a whole. It also shows whether the income comes from publicly provided benefits, private occupational transfers, work, or private personal pensions and other savings.
The second looks at relative income poverty of older people. It shows the proportion of older people living on incomes of less than half the national median disposable income and their average income gap to the poverty line.
The third looks at income inequality among older people, showing Gini and percentile ratios for people aged 66+, also comparing them to the total population and across time.
The final indicator presents the “Average worker earnings” that underpin pension modelling. They are used throughout the report and many parameters and all modelling results are reported as percentages of national average worker earnings.