State Pension in Serious Decline

February 1, 2009 by admin · Leave a Comment
Filed under: Economic Outlook 

According to a new research, the State pensions have suffered a serious decline in value in the past 30 years.
The basic state pension, which is 100 years old this month, is now worth just 16% of average earnings, compared with 26% in 1980, says a new book, 100 Years of State Pension. At the same time, private sector of pension provision has declined, leaving people increasingly reliant on the state.

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