The State Pension's Uncomfortable Truth: A Burden on Future Generations The state pension is expected to reach £13,000 per year in the coming months, a milestone that may seem like a welcome boost for retirees.
However, this reality is more complex than it appears. As wage growth slows to 3. 9%, the triple lock policy – which ensures the state pension increases by either average earnings growth, inflation, or 2.
5% – will likely kick in once again. This phenomenon has been underway for years, with economists warning about the cost of the state pension and pensioner groups arguing that many people still face poverty in old age.