Labour, Tories and Lib Dems all share the same political logic in their economic policy
Consider:
1. The incomes of those in their 60s and 70s have continued to rise since the recession. In contrast, median (middle) income among people in their 20s fell by 12% between 2007-8 and 2011-12, after adjusting for inflation- the largest fall of any age group. [IFS]
2. Turnout at British general elections dropped by 45 percentage points between 1964 and 2005 amongst the under 25s. It dropped by only 2 percentage points amongst the over 64s.
This does not make the economic policy right. The logic is clear but the liberal party needs to find a unique voice and agenda for a certain population group to attract voters not just pander to the obvious electorate.
The Liberal Democrats need to formulate policies that attract the young voter – tuition fees helped with that – however that faith has now been eroded. Without trust and looking after the generation that needs the most help – the young generation, single people, low earners – political parties will continue to be mis-trusted and accused of having vested interests i.e. the older voter to get elected.