A bit of number-crunching for you. I was just watching the new Have I Got News For You, and it mentioned that the new UK government was raising old-age pensions, to a flat rate of 140 pounds per week.
That's 20 pounds per day, or 600 pounds per month for ease of calculation - about 10 823 kroons. The Estonian statistics database tells me that the average old-age pension in Estonia was 4 766 EEK in the second quarter of 2010.
Of course, the cost of living is higher in the UK as well. I've yet to find a clear source of data for actual Purchasing Power Parity coefficients between countries, the closest data is GDP by PPP - and using absolute GDP numbers, you can use that to determine actual PPP factors. But an easier comparison is The Economist's Big Mac index. Here's the latest historical data: a Big Mac costs the equivalent of 3.68 USD in Britain, and 2.85 USD in Estonia. This gives us a factor of 1.29. So, the cost of living in the UK is 29% higher than in Estonia.
For a UK pensioner to have the same purchasing power in Estonia as they enjoy in the UK with this new increase, they would only need 8390 EEK.
So on average, British pensioners are 76% better off than Estonian ones.
I'd love to compare working people's relative wealth as well, but the UK doesn't seem to be publishing good wage statistics - the closest I got was this, which is a bit out of date, and only reports gross numbers. If a reader can point me at a better source of numbers, I'd appreciate it.
