Under-40s worse off as result of state pension changes, data shows

Last Updated: January 14, 2016By

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

Join the Vox Political Facebook page.

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Buy Vox Political books so we can continue
fighting for the facts.

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

latest video

news via inbox

Enter your email address to follow this blog and receive notifications of new posts by email.

No Comments

  1. Jeffery y January 15, 2016 at 8:30 am - Reply

    Hmm the peasants aint making much ado about these changes to pension age david bowie alan rickman both 69 how many paying in will even get to retire has if ones doing manual work then getting to this retirement age is a milestone

  2. Joan Edington January 15, 2016 at 12:11 pm - Reply

    Typical Tory short-term I’m all right Jack policies. Pandering to older people, more likely to be Tory voters. Their time will run out when the younger generation really wake up. Tick tock!

  3. mili68 January 15, 2016 at 8:20 pm - Reply

    Tweeted @melissacade68

Leave A Comment