The baby boomers are in the press again, with a new report claiming this post-war generation have benefited from a 'pension jackpot'.

It's interesting reading, because for once it shifts the focus away from the state pension and its valuable triple-lock guarantee, towards the impact of private and workplace pensions in lifting levels of wealth.

Since 1977, retired households have experienced an average disposable income increase of 2.8% a year. This compares with 2.1% for non-retired households during the same period.

The ONS report found that households with private pension income had average pre-tax income (including wages and investment returns) of £27,800 a year. This compares with an average of £17,200 a year for households without the benefit of private pension income in retirement.

As always when talking about the baby boomers, it's important not to generalise about an entire generation.

There are wealthy boomers and there are boomers in poverty; circumstances dictate income levels for individuals. 

As a generation however, the average picture looks rosy and unlikely to be repeated for younger people, with higher property prices, the burden of student debt and the absence of gold-plated final salary pensions.

The recent trend to automatically enrol employees in workplace pension schemes is unlikely to come anywhere close to the retirement income enjoyed by the baby boomers.