§ Mr. WillettsTo ask the Secretary of State for Social Security how many pensioners have savings (i) below £3,000, (ii) between £3,000 and £6,000, (iii) below £6,000, (iv) between £6,000 and £12,000 and (v) between £12,000 and £47,100. [117703]
§ Mr. RookerThe information is in the table.
Number of all pensioner units who have savings Thousand Categories Number Below £3,000 3,500 Between £3,000 and £6,000 670 Below £6,000 4,170 Between £6,000 and £12,000 700 Between £12,000 and £47,100 1,200 Notes:
- 1. All amounts are rounded to the nearest 10,000, although estimates are not necessarily accurate to that degree.
531W - 2. The Below £3,000 and Below £6,000 categories include pensioners who have no savings.
- 3. Questions on assets are a sensitive part of the FRS questionnaire and have relatively low levels of response, and hence higher levels of imputation, compared to other parts of the survey. Responses are imputed in around 1 in 10 cases. Evidence also suggests some under reporting of capital by respondents.
- 4. Pensioner Units are defined as either a single pensioner or a couple where the head of the couple is over the State Pension Age. A couple can be either a married or a co-habiting partnership.
Source:
The Family Resources Survey (FRS) 1997–98.