UK. Generational battle lines harden over pensions
If the personal finances of every household could be ranked, the period following the 2008 financial crisis puts the baby boomer on top. There is a counterpoint to this, say campaigners for older savers, which is the level of interest rates over the period. Surely a decade of ultra-low rates favours borrowers and most of them are young.
Likewise, final salary pension schemes, dominated as they are by the older generation, have struggled to bring down their deficits as low interest rates squeezed the return on assets.
A report by the Intergenerational Foundation, a charity that funds research into issues that divide the generations, has found that far from losing out to younger people, baby boomers have proved themselves adept at ensuring they are the winners across many areas of public policy.
Read More: The Guardian
