redjen.bsky.social
Senior Lecturer UWE Bristol; macro, finance (especially pensions) and also philosophy. Previously dabbled in politics, policy, public affairs
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Not everyone is affected equally.
The poorest third could see their incomes fall twice as fast compared with the middle and the top, 2025-30.
They are disproportionately effected by job losses, rising housing costs and falling real benefit income (even before disability cuts).
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Not obviously true that funded pensions are good for growth
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It’s right that growth - and particularly wage growth - is good for pensions. This is true whether PAYG or funded
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The youngest has just read the book so tonight we are going back to my childhood….