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Age Inequality: Marxism

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Working class women are most likely to suffer poverty in old age. The young and old are more vulnerable to being part of the reserve army of labour. Women are in retirement for longer and they have a higher life expectancy. UK has a ‘retirement age’ in order to hide unemployment figures. The state overestimates the issue of ‘ageing population’ – if the state contributed income from the wealthy and businesses it could easily pay for the elderly.
Bond et al
“The Political Economy of Old Age” – the relationship between the labour market, government policy and social class. Those from lower classes are more likely to suffer poverty in old age. During their working lives income is too low to save for retirement and private pensions. Government state pensions are inadequate.