UK robs the youth to feed the aged

Business Insider: The income disparity between age groups is down to a few things:

1. Old people's pensions and subsidies are healthy — during the recovery period from the financial crisis, the government "triple locked" the state pension, meaning that old people would receive a return on their pension, whichever is the highest out of inflation, earnings, or 2.5%. On top of that, they have non-means-tested subsidies on winter fuel payments.

Pensioners also get free bus travel and free prescriptions, and even a Christmas bonus. But a lot of people aged 60 and over are still working.

2. The younger generation have stagnant wages and higher living costs — in contrast to pensioners, younger people are either struggling to get into the jobs markets, despite record low unemployment, and if they do work, their wages are pretty meagre when weighing up living costs.

Millennials and those aged up to 60, do not have subsidies like older people. They are less likely to own a home, have savings, and therefore pour most of their money into rent, transport, utility bills, and food.