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SMF proposes early pension access for young workers to address generational wealth gap

Polly Toynbee

23d ago· 7 min readenOpinion

finance politics social policy generational inequality

Summary

The article discusses the financial crisis facing young people in the UK, who are the first generation expected to do worse financially than their parents. It highlights Alan Milburn's analysis of this intergenerational inequality and presents a proposal from the Social Market Foundation (SMF) that would allow young workers early access to a portion of their future pensions to help them financially. The piece argues that bold, inventive ideas are needed to address the systemic rigging of the economy against younger generations.

Source

bskySMF proposes early pension access for young workers to address generational wealth gaptheguardian.com

Key quotes

· 4 pulled

Young people need money because our system is rigged.

The first generation ever to do worse financially than their parents did at their age.

Now is the time to bring them out.

It's not perfect, but we need bold ideas.

Snippet from the RSS feed

One plan would see young workers offered early access to a slice of future pensions. It’s not perfect, but we need bold ideas, says Guardian columnist Polly Toynbee

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