HC Deb 30 October 1997 vol 299 cc850-1W
Mr. Webb

To ask the Secretary of State for Social Security what estimate she has made of the mean and median level of savings held by pensioners aged(a) 60 to 64 years, (b) 65 to 69 years, (c) 70 to 74 years, (d) 75 to 79 years and (e) 80 years and over (i) in total and (ii) for (1) single male pensioners, (2) singe female pensioners and (3) married pensioners. [12824]

Mr. Denham

The information is not available in the format requested. Such information as is available is in the following tables.

align="center">Capital holdings of all pensioners
align="right">Percentage
align="center">Age
60 to 64 65 to 69 70 to 74 75 to 79 80+ Total
None 41 27 26 28 31 29
<£1,500 15 13 14 15 15 14
£1,500 to £3,000 4 8 9 11 12 9
£3,000 to £8,000 13 12 14 14 15 14
£8,000 to £10,000 4 3 4 3 3 3
£10,000 to £16,000 7 7 7 7 5 6
£16,000 to 20,000 3 3 3 4 3 3
£20,000 or more 12 27 23 19 17 21

Source:

Family resources survey 1995–96.

align="center">Capital holdings of single male pensioners
align="right">Percentage
align="center">Age
65 to 69 70 to 74 75 to 79 80+ Total
None 35 33 32 29 32
<£1,500 12 10 15 15 13
£1,500 to £3,000 10 10 9 11 10
£3,000 to £8,000 10 16 14 15 14
£8,000 to £10,000 2 3 2 4 3
£10,000 to £16,000 6 7 9 4 6
£16,000 to £20,000 2 3 3 3 3
£20,000 or more 23 18 16 19 19

Source:

Family resources survey 1995–96.

align="center">Capital holdings of single female pensioners
align="center">Age
60 to 64 65 to 69 70 to 74 75 to 79 80+ Total
None 41 37 33 33 36 35
<£1,500 15 15 17 18 16 17
£1,500 to £3,000 4 7 9 12 13 10
£3,000 to £8,000 13 15 13 14 14 14
£8,000 to £10,000 4 5 4 4 3 4
£10,000 to £16,000 7 5 6 6 4 5
£16,000 to £20,000 3 3 3 2 2 3
£20,000 or more 12 13 15 12 12 13

Source:

Family resources survey 1995–96.

align="center">Capital holdings of pensioners couples
align="center">Age
65 to 69 70 to 74 75 to 79 80+ Total
None 21 17 19 21 19
<£1,500 13 13 10 10 12
£1,500 to £3,000 7 9 11 10 9
£3,000 to £8,000 11 14 15 15 13
£8,000 to £10,000 3 4 4 3 3
£10,000 to £16,000 7 9 9 8 8
£16,000 to £20,000 4 3 5 5 4
£20,000 or more 35 31 29 28 32

Source:

Family resources survey 1995–96.