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However, the report, called As Time Goes By, adds: "This strong growth is not the result of a boom time for all pensioners, with most finding that their personal situation changes little from year to year. " It says while typical incomes across the pensioner population have grown by more than 30% since 2001, the typical income of someone who turned 65 in that year was only 7% higher by 2014. Sources of income Adam Corlett, economic analyst at the Resolution Foundation, said: "The main driver of pensioner income growth has been the arrival of successive new waves of pensioners, who are more likely to work, own their home and have generous private pension wealth than any previous generation. "Of course, not all pensioners can draw on these income sources, which is why the state pension will always be the main income for many pensioners. "We can't assume either that young people today will be able to draw upon the kind of wealth that recent pensioners have accumulated, given the recent fall in home ownership and decline in generous defined benefit schemes." The report identifies four key drivers of growth in typical pensioner incomes since the 2000s. These are: the possession of occupational pensions, a growth in the numbers in employment, increased state benefits, and a move towards home ownership from renting. But the Resolution Foundation warns that future generations of pensioners cannot assume that they will benefit from further gains from these income sources. Other findings include: Pensioners are now disproportionately unlikely to be in poverty Almost one in five pensioner families now have one or more person in employment - a figure which rose significantly in the 2000s Growth in private pension incomes and public benefits have been the most important factors in pensioner income growth Review triple-lock Lord David Willetts - an executive chair of the Resolution Foundation and former Conservative minister - said that the "triple-lock" pension policy of successive governments should be reviewed. The triple-lock guarantees pensions rise by the same as average earnings, the consumer price index, or 2.5%, whichever is the highest. "Of course there has to be some kind of framework for increasing the state pension," he told BBC Radio 4's Today Programme.

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