Intergenerational unfairness is creating a lost generation of young people
From our UK edition
Monday’s Work and Pensions Committee session on intergenerational fairness further ignited the debate about the hardships facing today’s younger generation. Views from witnesses, including Paul Johnson of the IFS, Shiv Malik of the Guardian and Philip Booth of the IEA, did little to dispel the perception that as far as the intergenerational fairness debate goes, the older generation are winning hands down. Today’s pampered pensioners currently enjoy a raft of benefits including non-means tested fuel allowance and a triple-lock protection on their state pension. This ensures their state pension rises every year by the highest of price inflation, earnings growth or 2.5% and has been described by experts as both arbitrary and unsustainable.
