A million women £32 a week worse off thanks to pension age changes

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IFS says increased UK state pension age is lifting earnings from employment but only partially offsetting reduced incomes from other benefits

More than a million women are worse off by an average of £32 a week under changes to the state pension age and poor households are being hit the hardest, according to analysis by a leading independent thinktank.

The Institute for Fiscal Studies (IFS) also highlighted a significant boost to the public finances from the government’s move to lift the pension age for women from 60 to 63 between 2010 and 2016.

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view The Guardian: Economics
#public finance
#equal pay