Written Question·Treasury·UIN 28611
Pensioners: Expenditure
Tabled: 4 February 2025
Answered: 12 February 2025
Question
Blake Stephenson
Conservative — Mid Bedfordshire
To ask the Chancellor of the Exchequer, what estimate she has made of the marginal propensity to consume of (a) all pensioners, (b) pensioners under the threshold for Pension Credit and (c) pensioners over the threshold for Pension Credit.
Answer
Torsten BellHM Treasury does not hold this information. The average award of Pension Credit is worth more than £4,200 a year, providing a safety net for pensioners on the lowest incomes. The UK Government is focused on maximising Pension Credit take-up to ensure thos...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 28611) →