Pensioners are not expected to live on that. Subject to how much savings you have, pension credit can top that up to a minimum. For a single person, this is £182.60 per week or £9,495.20 pa. and for a couple, it's £278.70 per week or £14,492.40 pa. I concede this is still under the NLW but pension credit is a 'trigger benefit' that can open the door to additional benefits (e.g. council tax rebate). In addition, NLW takes mortgage payments and commuting expenses into account. I suspect that most pensioners who own their homes are mortgage free, and those who have retired don't have commuting expenses. Put it this way, when we retired our expenses reduced by about £10k a year. So that £14.5k for a couple would be equivalent to about £24.5k for a married couple on one NLW based on my circumstances. Consider also that the personal income tax allowance is £12.5k and so those on NLW pay tax, while those on pension credit do not -- effectively making a married couple's pension (as topped up by credit) worth even more. Hence, IMO, comparing NLW with pensions isn't a fair comparison.