Article 5H0Y2 It’s the old that get the benefits, and the Tories the election wins

It’s the old that get the benefits, and the Tories the election wins

by
Phillip Inman
from on (#5H0Y2)

The government spends more than twice as much on each pensioner as on each working-age Briton

One of the major shifts in government spending over recent years has been away from young people and towards those in retirement. A study due this week from the Intergenerational Foundation thinktank shows that while spending on pensioners and children respectively increased at similar rates before 2010-11, the austerity years to 2019 proved much more generous to the old.

The report finds that in 2018-19, the government spent on average 14,660 on each child, 10,180 on each working-age adult, and 20,790 on each pensioner" and that the gap in per capita spending on children and pensioners more than doubled over the previous 20 years.

A pensioner has much more disposable income than a worker on the same money, especially if the latter wants to start a family or buy a home

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments