The new RF intergenerational report is out! Quick chart thread. https://www.resolutionfoundation.org/app/uploads/2020/10/Intergenerational-audit-2020.pdf">https://www.resolutionfoundation.org/app/uploa...
COVID has really hit older people hard. Under 45s experienced no jump in excess deaths; it has all come from older cohorts. 2/n
So you can see why older people are really down about things. Younger people also seem down. What’s that about? 3/n
Younger people have born the brunt of ongoing welfare cuts this year that have protected the elderly. 6/n
Recent cuts come on the back of yrs of benefit chgs that have boosted elderly incomes & cut younger incomes. 7/n
Such has been the chg in state emphasis that basic state pension will be c 2x unemployment benefits in mid-2020s from parity when Boomers were young. 8/n