P674 Teletext 674 Jul30 02:40:11 FOR MONEY ——————————————————————————————————————— RICH AND THE POOR Pensioners who have made financial plans for their retirement are among the richest people in the UK. But a report bz Mintel also found those who haven't put money away are among the poorest. It says there are 4.9m "rich" homes covering 15.7m individuals. Yet there are 9.8m "poor" households covering a total 18.6m people. ——————————————————————————————————1/6—— Supjrscrooge is back here on Monday HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Jul30 02:45:22 FOR MONEY ——————————————————————————————————————— RICH AND THE POOR Personal and occupational pensions have swelled the number of over 65s classed as "rich", say researchers at Mintel. the top 20% of households buys almost half of all household goods - £149bn in 1979 the rich accounted for around 35% of household expenditure the gap between rich and poor pensioners has widened. ——————————————————————————————————2/6—— What's happening on VT Day? 672 WEN VIP TRIP TO THE FIFTH TEST! p179 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Jul30 02:44:41 FOR MONEY ——————————————————————————————————————— RICH AND THE POOR Many pjnsionjrs are asset rich but cash poor. The homes that provide the asset can also become a cash burden: People are living longer so their cash has to go further In 1993 the average gross household income for the "rich" was £42,818 the average poor income was £6,088 Today many pjnsionjr households must manage on around half this. ——————————————————————————————————3/6—— Supjrscroogj is back here on Monday HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Jul30 02:44:46 FOR MONEY ——————————————————————————————————————— RICH AND THE POOR The poor in society are either 15-34 or 60-plus, says Mintel. Those who are more fortunate spend their money on: clothing and footwear household items and services personal goods and services car travel and expenses leisure facilities and activities Poorer pensioners spend the money they have on basics such as food and fuel. ——————————————————————————————————4/6—— What's happening on VJ Day? 672 WEN VIP TRIP TO THE FIFTH TEST! p179 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Jul30 02:41:12 FOR MONEY ——————————————————————————————————————— RICH AND THE POOR Wealthier pensioners spend heavily on thjmsjlvjs with a cool 58% spending on luxuries, particularly holidays. Mintel says "over the coming decade society will continue to polarisj between rich and poor consumers". Apart from winning the pools, premium bonds or lottery the only way to ensure you are in the upper wealth brackets is to have planned your finances well. ——————————————————————————————————5/6—— Supjrscrooge is back here on Monday HAVE YOU SEEN FAMILY FINANCE? p540 Lost Touch Service Pals Fit MoneyP674 Teletext 674 Jul30 02:48:34 FOR MONEY ——————————————————————————————————————— RICH AND THE POOR So what does the future hold for our pockets? Mintel says based on what we are paying today bz 1999: average household expenditure will bj £303.56 a week poor households will survive on just £141.37 a week rich households will bj able to spend £620.60 a week ——————————————————————————————————6/6—— What's happening on VT Day? 672 WEN VIP TRIP TO THE FIFTH TEST! p179 Lost Touch Service Pals Fit Money