The IEA think tank believes the elderly have received 'special treatment' and are more or less exempt from the cuts, while young people and families have been hit with tuition fees, tax rises and changes to child benefit.
The IEA estimates that £1.3bn could be saved by abolishing free bus travel for OAPs, £700m by stopping free television licences and £2.1bn from scrapping the winter fuel allowance.
It says a further £5.6bn could be found by abandoning above-inflation increases to the state pension, and £5bn from raising the pension age to 66 in 2015 instead of 2020 as currently planned.
Surprising given the over45 demographic hold the real spending power and voting power and the above perks for being old were probably politically motivated anyways.
Raising the pension age makes sense to me given the ever increasing rise of our life expectancy which needs to be paid for.
Also the noughties boom where they suffered but also benefited, it was their choices and oversight/judgement which saw the noughties boom and bust, not the youth of Britain.
I find it hard to disgree with the think tank fundamentally... albeit the bankers will never really be punished, watch the documentary "Inside Job" narrated by Matt Damon.
Although alot of retired people have the option to emigrate, if they can and want to, most young British people can't with current economy.