Property News · July 7, 2018

It’s time for Britain’s millionaire pensioners to pay up | Phillip Inman


The retired are having a great time at the expense of young families thanks to generous pensions and property wealthThe intergenerational argument has vanished – buried beneath the Brexit talks and the traditional fixation with class inequality. The fear that millennials, whatever their class, are going to have a tougher time than their forebears appears to have had the life squashed out of it.A two-year investigation by the Intergenerational Commission, a group sponsored by the Resolution Foundation thinktank, has found that what it calls the “contract between the generations” is at breaking point. It warns that society risks dumping a disproportionate amount of the costs of an ageing population on their shoulders. It’s been going on for some time and now the situation is acute. Continue reading…

Source : theguardian.com
Read more…It’s time for Britain’s millionaire pensioners to pay up | Phillip Inman

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