Pensioners - Never Had It So Good?

[Octavius]

IFS research has found that the over-60s are the only age group to have become better off since 2007/08.

"The median - or middle - income of the over 60s grew by 2-3% between 2007/08 and 2011/12, continuing a long-term trend....

Yet, the median income of people in their 20s fell by 12% over the same period, allowing for inflation. This was the largest fall of any age group, owing to low or frozen wages and high unemployment."

http://www.bbc.co.uk/news/business-22890906

So do you think pensioners are showing indications of financial comfort as opposed to the younger generation? Or is being young just more expensive (car insurance, cost to commute etc) and commenserate with the income "squeeze" that all workers are feeling?

[shaneystar2]

My parents raised five of us .They didn't have the opportunities we had .
They could never have afforded to have bought their own home .Prosperity in their later years to my parents consisted of things like better food and an indoor bathroom with hot and cold .
Those of my generation ,born post war have had the best of things I reckon .
Full employment ,the chance to own your own home etc .
I worry a bit for the youngsters these days and how things will pan out in the future in this economic climate .

[redvanman]

Did you forget the scum MP of parliment