The decline of poverty in former age is pleasurable news,but we need measures to ensure that everybody benefitsIt marks a dramatic turnaround in the fortunes of different generations. Last week, the Institute for Fiscal Studies estimated that the median income of pensioners (£394 per week) is now higher than the median income of the rest of the population (£385 per week).
In many ways, and this is a triumph. Nobody wants to see pensioners struggling in poverty. And we might hope that the forces driving up the incomes of today’s pensioners will similarly boost incomes of the generations coming after.
Continue reading...
Source: theguardian.com