A new and highly detailed research study by King’s College, London reveals that the lowest paid women born in the 1950s are now substantially worse off because of the government’s decision to raise their pension age from 60 to 66.
The damning findings confirm why the BackTo60 campaign are right to highlight the inequalities and seek to overturn a judicial review in July which refused to provide any compensation for 3.8 million women.
Since the situation is now even worse because of the huge death rate among the elderly it also shows how sensible it will be for the organisation to highlight the issue in two films that will be backed by a crowdfunder. The link to their crowdfunder, which has already raised over £5000 is here.
The academics at King’s College compared the fate of those who had already retired at 60 with those who were having to wait for their pension until they are 65 or 66.
They found the change in pension age widened inequality, increased poverty by six to eight points, caused much more depression and mental health issues and also made people more likely to succomb to additional health problems like diabetes or arthritis.
It was specifically bad for women who had to work longer in low paid jobs often involving manual labour, such as working in care homes.
In their academic language it says the “increases had a negative impact on health: women aged 60–64 years are no longer eligible to collect their pension due to the reform exhibit worse mental and physical health scores (PCSs) and higher prevalence of clinical depression than women of the same age unaffected by the reform.