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Baby Boomer Couples are ‘Better Off in Retirement’

They lived through the long decades of post war prosperity enjoying the support of the welfare state, generous occupational pensions and soaring house values. Now new research has found that more than eight out of 10 baby boomer couples are better off in retirement than they were whilst working.

Researchers found in the vast majority of cases middle class couples were wealthier after finishing work than they had been whilst in full time employment.

The study found 84 per cent of couples now in their 70s had accumulated enough wealth to maintain or even improve their standard of living into and through retirement when the value of their house was taken into account.

The results appear to challenge findings by charities such as Age UK, which has estimated that one in six pensioners are living in poverty with those in their 80s, women and members of ethnic minorities among the worst affected.

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