That’s a different argument…..and what you say is false…you are trying to imply people now don’t scrimp and save. Not true, home ownership has gone down because ratio of house prices to wages has doubledSo they worked hard, and scrimped and saved during 15% interest rates to put a roof over their head. Big deal.
This doesn't automatically mean they have loads of surplus cash.
Fillyboy said “they are poorest in society”
People who have mortgage free homes are not the poorest in society
Families living in rented accommodation are the poorest
Pensioner poverty is now much lower compared to child poverty.
By the way U.K. pensioners are still badly off compared to most of Europe….we live in a country with terrible living stds across all age groups