"Outdated" age-specific benefits for older people should be replaced with support for the young to "deliver a fairer society", say peers.
The Committee on Intergenerational Fairness urged ministers to focus on housing and training, rather than benefits like free TV licences.
Committee chair Lord True said failing to rebalance policies could risk the "strong bond" between the generations.
But campaigners warned against changes, saying pensioner poverty was rising.
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