Flower power but no spending power: IFS warns post-war pensions boom 'is coming to an end'

When compared with those born a decade earlier at the same age, this group have no higher take-home income and have saved no more of their previous take-home income. They are also less likely to own a home, probably have lower private pension wealth, and will tend to find that their state pensions replace a smaller proportion of previous earnings, according to a report by the Institute for Fiscal Studies (IFS) economic think-tank. Inherited wealth looks like the only major factor that could act to make individuals born in the 1960s and 1970s better off in retirement than their predece...