Foresight - Future of an ageing population project
29 September 2016
29 September 2016
The report Future of an Ageing Population also includes detail of future trends and projections that identify the implications that these will have for the UK. This evidence will help government to develop the policies needed to adapt to an ageing population.
“The proportion of the working age population aged between 50 and the state pension age (SPA) will increase from 26% in 2012 to 35% in 2050 – an increase of approximately 8 million people. This is the result of increases to the SPA, as well as the so called ‘baby boomers’ reaching this age band. The productivity and economic success of the UK will therefore be increasingly tied to the productivity and success of its ageing workforce. Encouraging older people to remain in work will help society to support growing numbers of dependents, while providing individuals with the financial and mental resources needed for longer periods of retirement. The employment rate currently declines from 86% for 50 year olds, to 65% for 60 year olds and 31% for 65 year olds.”
The future of ageing project work is lead by an expert team of academics and ageing experts and their latest blog entry by Anna Dixon, CEO of Centre for Ageing Better calls to action all stakeholders, to remind us that “If we want to shape the future so more people enjoy a good later life, we need action today.”