In the News
Intergenerational equity - older voters are richer than ever
Phillip Inman highlights what I think is one of the major structural issues facing the UK economy. Inter-generational equity.
He illustrates the extent to which elderly members of the population have benefited from government policy in the last 30 years, seeing a more than 100% increase in their incomes, compared to a 35% increase in the average disposable income of working households.
Similarly, any attempt to cut any of the benefits given to the elderly have proved difficult to enact - notably the abolition of free television licenses most recently. Factor in the prospect of a looming social care crisis, and you should be able to see why the grey vote will prove so significant this week.
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