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How does the UK state pension compare with other countries?

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Core Development: How does the UK state pension compare with other countries?
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Market & Financial Impact: Do British pensioners have it better or worse than those in other countries?
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Getting older is something few of us want to think about. Yet how we fund our later years, and how much we'll get, has been a hot topic.

The triple lock formula - state pensions increasing by the greatest of 2.5%, earnings growth, or inflation - means those benefits have risen far faster than the earnings of workers since its introduction in 2011.

But as housing costs have also been rising fast, pensioner poverty has actually increased slightly in the last decade.

Nevertheless, even if you take those costs into consideration, pensioners are less likely to be in relative poverty - that is, having to get by on less than 60% of the income of the typical household - than families with children or working-age people.

And funding the triple lock has already cost the state billions more than initially envisaged. With that cost set to balloon further, the debate over whether that is sustainable, or fair, has raged for a while.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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