Our goal at the Institute for Fiscal Studies is to promote effective
economic and social policies by better understanding how policies affect
individuals, families, businesses and the government's finances.
Through the lottery of birth, children are born into different socio-economic circumstances and grow up in environments that are remarkably different from each other. This report looks at inequalities in early childhood in the UK.
We quantify the impact of increasing the state pension age from 65 to 66 on household incomes, poverty and public finances, after – in particular – taking into account that some will remain in paid work at age 65 as a result of the reform.