Friday 23 May 2008

"Statistics blunder over pensions"

Ooops! The ONS multiplied average weekly private pension incomes by 12 and not by 52 to arrive at annual average, previously stated as an average of £2,115 per annum for a couple.

So, they didn't think to check the PPI's 'Pension Facts', which says that median weekly private pensions for a couple were £172 a week, back in 2005-06?

Tee hee. Having said that, neither did I. My bad.

4 comments:

Anonymous said...

So what does that mean for the proportion that lost out by investing privately due to means-testing?

Mark Wadsworth said...

That knocks down the proportion who might as well not have bothered building up savings or private pension to about 20% or 25%. Still far too many. The 'right' figure should be 0%, no more and no fewer.

Mark Wadsworth said...

52.18 if you count a year as 365.25 days (to include lea years).

Anonymous said...

But the years that end in '00 aren't leap years unless they are divisible by 400, therefore.....