A happy man. Iain Duncan Smith has already pushed through his changes to the state pension and has succeeded in ensuring that people aged under 40 will have less [Image: Mark Thomas/REX Shutterstock].

Most people now in their teens, 20s and 30s will be worse off as a result of changes to the state pension system, while millions of older people will gain, according to the government’s own figures.

The data will fuel concern that millions of younger people are suffering from the effects of what has been dubbed “intergenerational unfairness”, partly caused by the government targeting money and resources at the older generation.

The Department for Work and Pensions (DWP) issued the data to back up its assertion that the introduction of the new flat-rate state pension in April “will make millions of people better off” – but the figures also provide stark confirmation that younger people will be losers from the changes.

Source: Under-40s worse off as result of state pension changes, data shows | Money | The Guardian

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