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14 October 2019

Life Expectancy and the UK Population

Figures from the Office of National Statistics (2015-2017) show that life expectancy over the last few decades has been steadily increasing. Females born in 2015 can expect to live 82.8 years from birth, 4 years more than females born in 1991. Males have seen a greater increase in life expectancy of 5.7 years, from 73.4 […]

11 October 2019

The Economic Contribution of Older People in the United Kingdom

AgeUK reports “ The monetary value of the direct economic contribution of employment, informal caring, including childcare, and volunteering by people aged 50 or over in the United Kingdom in 2016/17 amounted to £796 bn (approx. 45 per cent of Gross Value Added), of which people aged 65 or over contributed with £160 bn. Employment […]

10 October 2019

How many relationships have a big age gap?

According to ABC News “across Western countries, about 8 per cent of all married heterosexual couples can be classified as having a large age gap (10 years or more). These generally involve older men partnered with younger women. About 1 per cent of age-gap couples involve an older woman partnered with a younger man. The limited evidence […]

9 October 2019

Spending through Retirement

The Prudential reported in their Retirement Journeys document that retirement does not lead to more holidays, while those at older ages spend more time alone. “Time at home alone increases by age, while time spent with family and friends falls. By age 90+ watching television and spending time at home alone are the most common […]

8 October 2019

Demonetised Coins

The BBC reported that the last five demonetised coins were the round pound coin in 2017, the large 50p in 1998, followed by the large 10p and the Florin in 1993, and the large 5p in 1990. Read more

7 October 2019

Retiring with Mortgages

The Guardian reports “Four in 10 UK first-time buyers will retire with mortgages, FCA warns. Loans lasting up to 40 years can leave buyers unable to save for pension, say regulators”. Read more.

4 October 2019

Rich countries must start planning for a cashless future

The Economist reports “countries are eliminating cash at varying speeds. But the direction of travel is clear, and in some cases the journey is nearly complete. In Sweden the number of retail cash transactions per person has fallen by 80% in the past ten years. Cash accounts for just 6% of purchases by value in […]

3 October 2019

75-year olds are Fitter Today

AgeUK reports “according to a study, people aged 75 are more likely to be fitter today than those who were 75 twenty years ago. The research was conducted in Berlin, where more than 700 older people over the age of 60 were tested for their cognitive functioning and rated for personal well-being.” Source: Age UK […]

2 October 2019

The UK’s ageing population

Mintel in their Public Expenditure, Key Insights Report in August 2018 stated between mid-2016 and mid-2041, the number of over-85s is expected to double to 3.2 million, while the number of people of pensionable age is set to rise by a significant 31.5%. Over the next 25 years, the old age dependency ratio, defined as […]

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