Fears retiring baby boomers will monopolise resources and limit economic growth for future generations are "nothing to worry about", according to sociologist Frank Ferudi.
The University of Kent professor told delegates to the Eversheds pension conference that concerns about an increasing number of elderly people in Britain are largely down to cultural prejudices against the old. He said: "There is nothing new about an ageing population. You don't need a PhD in economics to grasp this. As we've been getting older and older since the 1860s have we been getting poorer and poorer? Is it the case that somehow at the same time, because all these old people were dragging the economy back, we were getting poorer? "No, on the contrary, not only have European an...
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