The 8% rise and the triple lock may seem an intergenerational unfairness. But almost 2 million OAPs are living in poverty
Britain is a nation of pensioners (around a quarter of the population) and aspirational pensioners (everybody else). Old age is not something the young tend to want to contemplate but it will descend on most of us, and is natural for all of us to want our final chapters to be comfortable and secure. This inescapable fact should remain central to any debate about Britain’s pension entitlements.
It’s now predicted that the state pension might next year be raised by a massive 8% – thanks to the so-called triple lock. This has produced a lot of talk about intergenerational fairness.
