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Prime minister Harold Macmillan went down in history with the phrase “you have never had it so good” about rising living standards. That saying could be made about the current generation of pensioners.

Adair turnerPaul johnsonJeannie drakeHarold macmillanOffice for budget responsibilityPensions commissionInstitute for fiscal studiesFamily resourcesFiscal studiesPensions reviewFamily resources surveyState earnings related pension schemeBudget responsibilityLord adair turnerSir john hillsBaroness jeannie