§ Mr. AlexanderTo ask the Secretary of State for Social Security if he will estimate the percentage of pensioner households with savings of(a) up to £1,000, (b) between £1,000 and £3,000, (c) between £3,000 and £6,000, (d) between £6,000 and £12,000 and (e) over £12,000. [122235]
§ Mr. RookerThe information is in the table.
Savings Percentage of pensioner benefit units Up to £1,000 38 Between £1,000 and £3,000 11 Between £3,000 and £6,000 10 Between £6,000 and £12,000 11 Over £12,000 29 Notes
1. Components may not sum to 100 per cent. owing to rounding.
2. Pensioner benefit units are defined as those benefit units where either the head or spouse is aged 60 or over.
3. Questions on assets are a sensitive part of the FRS questionnaire and have relatively low levels of response, hence higher levels of imputation, compared to other parts of the survey. Responses are imputed in around one in 10 cases. Evidence also suggests some under-reporting of capital by respondents.
Source:
Family Resources Survey 1998–99.