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Earlier when the elderly people's pension was low, their children used to add-on to the elders' income so that the elders can get comfirtable livinf. After 20% increase in pension by government children are not providing the add-on and hence the elders are not better off financially now.
Check out this awesome article about Anderson on Poets Quants, http://poetsandquants.com/2015/01/02/uclas-anderson-school-morphs-into-a-friendly-tech-hub/ . Anderson is a great place! Sorry for the lack of updates recently. I...