Those words are not oxymorons. There are quite a number of wealthy pensioners. Currently average pensioner household income is around £600 a week and the median is about £500.
The median is the figure at which an equal number of pensioners have an income below that figure and above it. So half of all pensioner households have an income in excess of £500 a week, and the size of the incomes of those receiving more than £500 is sufficient to bring the average (total of all incomes divided by number of pensioners) up to around £600 a week.
So if we take £750 a week, roughly £3,250 a month as 'wealthy there are a lot of wealthy pensioners. The highest pension among my friends, that I know of is in excess of £70,000 a year.
You also need to remember that many of today's pensioners had parents who were home owners and, as only 1 person in 10 ends up in a care home, and many people are living into their 90s, many people receive a, possibly, large capital inheritance as or during retirement.
My surviving parent died when i was 64 and, at 81, I have two aunts still living, both aged 97, neither in care. There children are all in their 70s.
Open any Sunday paper and see the number of cruises advertised at prices that start at £1,000 and then spiral upwards. Most cruisers are over retirement age.
Yes, without a doubt, there are many poor pensioners, by poor I mean struggling to manage, It is estimated that 10% of pensioners are in real poverty.
It is right that we should concentrate concern for those pensioners in poverty and the group just above poverty level. But that should not blind us to the effect that the majority of pensioners are not in poverty can enjoy a comfortable living style and some are, yes, very wealthy indeed.