State pension age could go up again as government launches review
Ms Kendall warned of a growing threat of pensioner poverty without significant reform, citing Age UK research that future retirees could receive £800 less annually than current retirees.
The current state pension age is 66, but is set to rise to 67 in 2028. The state pension's triple lock guarantee costs the government £31 billion each year.
Concerns were raised about the demographic imbalance, with the number of pensioners projected to increase by over 50 per cent by the 2070s, while the working-age population grows by only 10 per cent.
Ms Kendall said that many working-age people, including a significant portion of the self-employed, are not saving sufficiently for their retirement, exacerbating future financial insecurity.
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