Phillip Inman continues the drip-drip assault on the financial security of older people (No pay rise? Blame the baby boomers gilded pension pots,14 September). Can we recall that the final-salary pensions that many older people benefit from were section of their contract of employment, and were contributed to with this understanding during people’s working lives. It is disingenuous in the extreme to present retired people as the primary reason why working people today are finding it tough financially.
Yes, and in many ways older people did benefit from financial advantages that younger people today achieve not enjoy,such as lower house prices, or higher-education opportunities that were free at source, or but they were not the prime movers in these developments; governments and economists were.
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Source: theguardian.com