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I'd assume what is driving the vast majority of that wealth is property values.
Which has the double whammy of being in large homes which cost more to heat and not having the liquid assets to do that.
Although a policy which drives downsizing may not be a bad thing.
The means tested part of the policy does seem to be very much glossed over with all the focus being on pensioners who can't afford to heat their homes. I've no idea what the means testing is based on though and whether there is an option to tweak that to make the policy more palatable.
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On holiday with daily mail/gb news reading in laws. Hot take is that pensioners are always the first to get money taken away from them and they’ll miss the £300 a year. And the lie that it’s to cover the blackholey in public finance is a cruel lie to let pensioners die because they don’t care.
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aggi
dsalmon
@Jameo
I’m surprised about the hoohaa from many Labour quarters and the Guardian, about Starmers cut to universal winter fuel payment for pensioners.
I’m reading very little in the narrative about the fact that most pensioners are actually pretty well off and frankly don’t need it. Are the politicians afraid to state the facts for fear of looking uncaring? Nearly a third of all pensioners are millionaires!