Is an old age pensioner in the UK better off today or in 1965? A pensioner received £22.50 per week from the government in June 1965. In June 2020, a pensioner now receives £72.50 per week. The CPI in 1965 was 58.40. In 2020 the CPI is 208.50.
Is an old age pensioner in the UK better off today or in 1965? A pensioner received £22.50 per week from the government in June 1965. In June 2020, a pensioner now receives £72.50 per week. The CPI in 1965 was 58.40. In 2020 the CPI is 208.50.
Chapter17: Inflation
Section: Chapter Questions
Problem 5SQ
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Transcribed Image Text:Is an old age pensioner in the UK better off today or in 1965?
A pensioner received £22.50 per week from the government in June 1965.
In June 2020, a pensioner now receives £72.50 per week.
The CPI in 1965 was 58.40. In 2020 the CPI is 208.50.
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