Pensioners have less to spend than an 11-year-old

Sarah Coles
pocket money
pocket money

Shocking research has revealed that two million pensioners have less disposable income then the average 11-year-old. The report revealed that this group has an average state and private pension bringing in £154 a week, but average living costs of £146.90. It leaves them with less 'pocket money' than the average 11-year-old - who is given £8 a week by their parents.

And things are getting worse.