The perfect age is 70 years old

The perfect age is 70 years old according to research showing the extent to which pensioners benefited from the post war boom.The perfect age is 70 years oldPrevious generations have handed over an ever more prosperous legacy to their children. But those born after the Second World War appear to have snatched the lot.

Typically, they had a state education and their university fees were paid by the state. Even those from middle class homes got a student grant.

They also took the first step on the property ladder in their twenties — years before the current first time buyers.

Their mortgages were comfortably less than three times their salary.

The analysis to find the perfect age was commissioned for the British Airways Business Life magazine, which asked the leading financial advisers Hargreaves Lansdown to examine the numbers and trends.

It found that 70 — or approaching it — was the best age to be. And 45 was the worst.

While someone in their sixties might be suffering thanks to a flat market and low savings growth, they also have the legacy of years of low taxation, good equity in their homes and a pension driven by a 20 year bull run in stock markets.

Those in their forties face high school and university fees for their children, and have few savings and low pensions.

At their time of maximum expenditure they may be in negative equity in their home and there’s little sign of good news on the horizon.

Figures show that life can also be tough for anyone in their twenties. Saddled with student debt, they are finding it difficult to get a job, can’t afford a house, have no savings, high costs and, if they are in work, a low salary.

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