Brexit’s Biggest Fans Face New 115 Billion-Pound Pension Hole
An elderly pedestrian holds a walking stick, featuring a pattern of a British Union flag, commonly known as a Union Jack, in London, U.K., on Friday, June 10, 2016. U.K. Prime Minister David Cameron said he'll hold a long-pledged referendum on the U.K.'s membership of the European Union on June 23.
Photographer: Chris Ratcliffe/BloombergTurning 65 in the U.K. used to mean mandatory retirement and a future of endless holiday. But in 2016 it has come to signify a very different cut-off: membership in the single most pro-Brexit age group in the June 23 European Union referendum.
About 60 percent of Britons 65 and older voted to leave the world’s largest trading bloc in the recent vote, the most of any age group, according to two separate exit polls. The glaring irony is that senior citizens are also the most reliant on pensions, which face a worsening funding gap since the Brexit vote.