This age group, born around the time of the Queen’s coronation (making them the platinum jubilee generation) happen to have enjoyed many financial benefits throughout their lives which mean they’re better off. AdvertisementWhy is this age group wealthier? AdvertisementAgain, during the Golden Jubilee in 2005, they had average incomes of £26,800 – £5,700 higher than the UK average at the time. Age UK conducted a survey in January noting that 54% of responding pensioners said the increase in prices means they will have to heat their homes less. But, for comparison back in the Silver Jubilee year (1977) those over state pension age were more than twice as likely to be poor as those under state pension age, suggesting once again life improved for the Platinum Jubilee generation.

Source: Huffington Post May 31, 2022 03:21 UTC