State pension risk for millions as 'triple lock reform necessary' amid jobless youth crisis
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Incoming Prime Minister Andy Burnham that rising economic inactivity could threaten the long-term sustainability of Britain's state pension system, the Organisation for Economic Co-operation and Development (OECD) has warned.In its latest assessment of the UK economy, published on Wednesday, the Paris-based organisation said "subdued employment could start weighing on the sustainability of state pensions".The warning comes as one million people aged 16 to 24 are classified as not in employment, education or training (NEET), meaning they are not contributing to the tax base that helps fund the state pension.A further 9.1 million working-age adults are economically inactive, meaning they are neither in work nor looking for employment.
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TRENDING Stories Videos Your Say That figure has increased by nearly 700,000 since before the pandemic, with long-term illness accounting for most of the rise.The state pension triple lock, introduced under David Cameron's Government, guarantees annual...
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