{"id":101389,"date":"2025-01-11T12:45:00","date_gmt":"2025-01-11T12:45:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=101389"},"modified":"2025-01-11T12:33:29","modified_gmt":"2025-01-11T12:33:29","slug":"state-pension-age-increase-impact-low-income","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/state-pension-age-increase-impact-low-income\/","title":{"rendered":"State Pension Age Increase and Its Impact on Low-Income Households"},"content":{"rendered":"\n

Next year, the government is set to increase the state pension age<\/strong>\u2014a move expected to save \u00a36 billion<\/strong> annually. But what if this drastic change could be used to directly support the very people it will hurt the most?<\/p>\n\n\n\n

A report by the Institute for Fiscal Studies<\/strong> (IFS) and the Financial Fairness Trust<\/strong>, part of The Pensions Review<\/strong>, reveals the potential for targeted interventions that could alleviate the financial burden on the most vulnerable pensioners. But there\u2019s a catch: without careful consideration, the policy risks deepening inequality<\/strong>.<\/p>\n\n\n\n

Strategies to Mitigate Retirement Impact: Cost and Effectiveness Analysis<\/h2>\n\n\n\n

The report lays out two distinct approaches to offset the blow for those nearing retirement:<\/p>\n\n\n\n