While there are many valid points in this piece, we need to not get blinded by thinking the state pension is anything more than a minimum living standard, even with the triple lock.
The full state pension is 203.85 quid a week.
For those who rely on it, it's fuck all, which is also why housing benefit, etc, exists.
Wealthy boomers are not wealthy because of the state pension. They are wealthy due to a massive wealth transfer due, almost entirely, to a massive house price boom as well as having interest only endowment mortgages.
Poor pensionsers still exist, and they still live in poverty.
While there are many valid points in this piece, we need to not get blinded by thinking the state pension is anything more than a minimum living standard, even with the triple lock.
The full state pension is 203.85 quid a week.
For those who rely on it, it's fuck all, which is also why housing benefit, etc, exists.
Wealthy boomers are not wealthy because of the state pension. They are wealthy due to a massive wealth transfer due, almost entirely, to a massive house price boom as well as having interest only endowment mortgages.
Poor pensionsers still exist, and they still live in poverty.