Women Pushed into Pension Poverty by Government
Raising the State Pension age for women to 63 has left 1.1 million women worse off, a new study from the Institute of Fiscal Studies has revealed. From 2010 to 2016 the State Pension age for women was raised from 60 to 63. This resulted in a boost to the public purse – but left households £74 a week less off, a significant sum
Government finances have benefited by £5.1 billion a year from the move the IFS revealed, thanks to the cash saved in fewer State Pension and other benefit handouts – and the extra income taxes generated by women having to work for longer as a result of the measures.
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