Pensioners escaped effects of austerity while young suffered most, says report

Coalition Britain: Retirement-age households saw income rise 10%, while that of working-age homes fell 4%, according to study by the Resolution Foundation

Britain's pensioners are emerging from the austerity years with their standard of living unscathed, while their children and grandchildren are struggling to make up the ground they lost in the recession, according to analysis by a thinktank.

As George Osborne puts the finishing touches to his pre-election budget, to be delivered next Wednesday, the research from the Resolution Foundation, first published in the Guardian, found that pensioner households saw their incomes jump by almost 10% in real terms between 2007 and 2014. Working-age households suffered a 4% cut.

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