The press report this week that Iain Duncan Smith’s think tank, The Centre For Social Justice, recommends increasing the state pension age to 70 by 2028 and 75 by 2030 because, they say, we’re living longer and we are unaffordable.
In 1948, when the state pension was introduced, a man could expect to live for 12 years in retirement and a woman 19, approximately 16% and 24% of their lives respectively. The current state pension ages improve those percentages to 24% and 26%, the proposals from the Centre for Social Justice worsen them to 18% and 20%, with a man receiving his pension for just 17 years on average and a woman hers for 19 years.
But those are just numbers without considering the real hardship of people that can’t afford a workplace pension or the effects on your health and well being of being forced to work full time into old age. Those who would keep you in the workhouse, such as the Centre’s head, Andy Cook, would have you believe that work is good for you whatever your age, and stealing your state pension is a means to “help older people to remain in work”.
Nor do the numbers speak of inequality, the life expectancy of Blackpool man (74.7) compared to Kensington and Chelsea man (83.3), the widening of that divide with time or the socioeconomic back story.
The reality will be to make death in service the norm. This isn’t economic good sense, it’s class warfare.
Duncan Smith? We know a song about him. Hard work? We know a song about that too.