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Pension Age Hikes Hit Harder | Sheffield News
Description
The state pension age is set to rise from 66 to 67, with potential acceleration to 68 by 2044–2046, hitting those born after 1977 hardest—some 49-year-olds could face an extra year of work. While the DWP claims savings of over £20,000 per person, the social cost is steep: poverty among 64-year-olds doubled when the age rose to 66, and the new jump could hit even harder—raising serious questions about the true value of these cuts.
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