Claim: One in five or one quarter of pensioners are millionaires.
Fact-check: We don't know how many individual pensioners are millionaires - Full Fact
Verdict: we can't find data that shows this. according to the office for national statistics, 27% of over 65s in great britain live in a household that has a total wealth of £1 million or more, but that doesn't mean 27% of individual pensioners are personally worth this amount.
Organisation: Full Fact
Author: Nasim Asl
Date published: 2024-09-30T00:00:00