State pension is too low but "abject poverty"? Maybe one in five pensioners are in relative poverty, but "inequalities within older generations are some of the most extreme in society today: the wealth of the richest 20% doubled between 2002 and 2018, while that of the poorest 20% fell by 30%".Are they really? Not all of them, many are still living in abject poverty. If they were, so fucking what? They've worked hard, many of them have paid their taxes and national insurance for over fifty years. Why shouldn't they have a few years enjoying life? Even with these "Massive increases" they're crying about it will only take the state pension up to a huge.....wait for it.....£11,500 a year. Hardly enough to live a champagne lifestyle is it?
The current UK pensioners (as a whole) are the most wealthy - and numerous - in history. The future pensioners, without home ownership, and in a country made poorer by the votes of the older generation, will be less numerous (because you'll get the pension at 70 rather than 65) and with less savings and poorer company and private pensions.
By the votes I don't just mean Brexit but the older generation's readiness to vote for the people who opposed the health system that's enabled them to live long enough to enjoy their pensions.
The proportion of pension age adults in relative poverty went down from 24% to 14% under the last Labour government, and it's back up to nearer 20.
The State of Ageing 2022
Our online, interactive report captures a snapshot of how people in the UK are ageing today, while looking at past trends and our prospects if action isn't taken.
ageing-better.org.uk