💨 Abstract

The recent announcement of a £500 annual increase in the state pension has sparked criticism from some young people, who argue that pensioners have had ample time to save and benefit from property market gains. However, the author, a 70-something woman, argues that this increase is essential. She highlights the hardships and sacrifices made by her generation to afford homes and the financial challenges faced by pensioners today, such as rising utility costs and limited social benefits.

Courtesy: Christine Stowe