We are all in the same boat I am afraid. I am looking at working till at least 70 before getting a state pension. The people who are going to really suffer from all the profligacy wont be the people with a fortune in equity to spend in retirement; it will be those who are expected to pick up the tab for all that inflation and of course paying off the deficit.
Those that are still in are about to get the bigger shafting, with the announcements still due (especially those serving post 2015).
Rant all you like. doesnt change the fact that the previous generations had it too good. Eating ones children springs to mind.