Elderly

David Cameron is warning that every individual will be hit by the coming cuts. But don’t expect the pain to be spread fairly across all groups. If the coalition agreement is anything to go by, the elderly will be given a free ride at the expense of everyone else.

We’re in the midst of a fiscal crisis, but there is hardly a perk left for over 60s — the most wealthy section of society (see IFS chart) — that hasn’t been protected by the coalition.