HC Deb 04 July 1994 vol 246 c54W
Mr. Hayes

To ask the Secretary of State for Social Security what representations he has received about the current value of the assets held by the average pensioner household; and what was the comparable position in real terms in 1978–79.

Mr. Hague

In 1990–91, 48 per cent. of pensioners owned their own homes outright, compared to 37 per cent. in 1979; the average weekly income for pensioners from savings and investments was £30.30, compared to £11.20 in 1979; and the value of accrued rights in occupational pension schemes had substantially increased compared to 1979.