Pensioners will need £8,000 more than last year to have a modest retirement

Retirees will need to shell out a third more than in the previous year to maintain a 'moderate' standard of life

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This doesn't even make sense to me. Are we assuming these people don't own their own homes and are still paying rent to reach these figures? 31k to be 'moderate' seems absolutely stupid to me if housing is taken care of, and who has 31k a year pension but didn't pay off their mortgage by retirement? Seems their definition of comfortable must include a lot of expensive holidays.