I used the phrase 'financial depression' and I should have used 'financial repression'.
The problem is not one that we aren't aware of, and have been aware of for some time. We're all living longer, we're all not paying as much tax.. there is no money. We have been lied to, as we all knew or suspected, but we were happy to play along with the illusion. Single issue campaign groups menacingly pointed to their supporters, and the government of the day pandered to the vote potential. Now, Baby Boomers aren't the up and coming electoral force that they once were and the inter generational vote is being targeted. The sad reality is, anyone joining up now will be working until they are seventy five and I have little doubt that the state pension will be seen as a parachute and not a trampoline.