Part 6/9:
Analyzing average household wealth by age conveys a trend where wealth accumulation typically increases with age. For instance, the average private pension wealth for those aged 55 to 59 is approximately £418,000, potentially generating around £17,000 of sustainable annual income. In addition, factoring in state pensions and other financial assets can lead to a combined pension income for households approaching £30,000 or more per year, conducive to a moderate standard of living.