Young versus old - what really causes wealth inequality?

The popular notion that wealthy baby boomers are hoarding the country’s wealth in retirement, at the expense of younger generations, is wrong, according to a new report from the TUC. It acknowledges that today’s young people will be poorer than their parents, but says the answer is not to cut pensioner benefits.

The report into wealth inequality attacks the "myths that all pensioners are rich and that reducing older people’s benefits would be a solution to young people’s problems", and warns that "growing wealth inequalities across generations" are the real problem.

Impoverishing one sector of society as a way of helping another is not a contribution to social justice, and ignores the fact that wealth is moving upwards away from both young people, workers and pensioners alike. 

You can see the report here, and an article about it in The Independent here.