Pensioner incomes have been stagnant since 2010, says DWP

The average pensioner income sits at £407 a week, up by just £15 compared to 2010. Will incomes increase in future, and what could happen to the state pension?

Retirement saving and pension planning concept for small or decreasing fund value
(Image credit: BrianAJackson)

The average pensioner income has been largely stagnant, increasing by just £15 over the past 14 years, according to data released by the Department for Work and Pensions (DWP).

Pensioner incomes now sit at £407 a week on average (for 2024), compared to £392 in 2010. The money retirees receive could be from workplace and personal pensions, the state pension, profits from investments, part-time work, and any other sources of income.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.