Pensioners will carry on hoarding cash if state won’t step in
by Phillip Inman from on (#2MSD7)
Without government investment in care and housing, the baby boomers will naturally hold on to their money
The row brewing over the state pension triple lock plays into a wider debate about incomes and wealth in old age and how, as a society, we adapt to the escalating costs of improved life expectancy, increasing care costs and, crucially, property prices.
It is becoming clear that the answer for many people is to take the Italian approach. In addition to eating pizza and pasta, they do everything to avoid paying higher taxes and hoard whatever assets they have accumulated.
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