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Neo
Saving Enthusiast
Joined: 24 Oct 2004
Posts: 147
Cash Points ££ 595.04
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 Posted: Tue Mar 08, 2005 12:19 am Post subject: The UK's Population is Ageing - What do we do about it ? |
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Our population is ageing
The number of over-50s in the UK is projected to rise from the current 20 million to 25 million in 20 years' time. By 2020, the over-50s will comprise half the adult population.
The number of people aged 65 and over is currently 9 million and is projected to reach 12.5 million by 2020 as the baby boomers reach retirement, with a peak of over 16 million during the 2030s.
The numbers of the older old are projected to increase at a faster rate, with those 75 and over more than doubling, from today’s 4.5 million to over 9 million by 2050.
In contrast, the numbers in younger age groups are projected to be static or decline. As a consequence, by 2007, the population of pensionable age is projected to exceed the number of children under16.
Ageing is a global phenomenon, affecting developed nations and an increasing number of developing countries. Indeed the speed of ageing is considerably faster in several of our major trading partners - countries like Japan, Italy and Germany - than it is in the UK.
Many of the effects of the Age Shift will occur surprisingly fast. Already, patterns of consumer demand and the labour market are changing rapidly as the post-war baby boom generation becomes middle aged and is followed by a much smaller younger generation. Other effects will only be fully felt after the 2020s when, for example, there will be very sharp growth in the number of pensioners in Europe. However, these longer-working changes should be acted upon as a matter of urgency so as to avert a potentially catastrophic economic climate.
What do we do about it ? |
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Milly
Stranger
Joined: 16 Feb 2005
Posts: 9
Cash Points ££ 15.00
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| Posted: Tue Mar 08, 2005 12:22 am Post subject: |
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Why worry about it ?
What with sudan I, global warming, terrorism. whats the point of worrying somethign that sounds so sloooooow.........  |
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Tabby
Money Saver
Joined: 17 Feb 2005
Posts: 86
Cash Points ££ 341.40
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| Posted: Tue Mar 08, 2005 12:44 am Post subject: |
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I think they should cut the state and public pensions.
Whats the point of making promises of pensions if they are not going to be able to deliver ???
People have to save more |
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Deborah
Veteran Investor
Joined: 12 Jul 2004
Posts: 418
Cash Points ££ 1730.36
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| Posted: Thu Mar 10, 2005 11:32 pm Post subject: |
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| Tabby wrote: | I think they should cut the state and public pensions.
Whats the point of making promises of pensions if they are not going to be able to deliver ???
People have to save more |
People have worked all their lives, why should they have to pay for the mistakes of the government in their retirement ? |
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Dianna
Beginning Saver
Joined: 20 Mar 2005
Posts: 27
Cash Points ££ 348.02
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| Posted: Sun Mar 20, 2005 2:45 am Post subject: |
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| Its scary, wheres the money going to come from to fund so many pensions in the future ? |
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Mooney
Newbie
Joined: 20 Mar 2005
Posts: 14
Cash Points ££ 203.34
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| Posted: Sat May 20, 2006 4:10 am Post subject: |
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| Why are you lot worried about the ageing population since they are letting in hundreds of thousands of workers and asylum seekeres every year !!! |
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Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
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| Posted: Sat May 20, 2006 1:50 pm Post subject: |
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One day the new arrivals will also be old 
So yes, maybe the pensions crisis can be delayed for another generation, but each generation will need an influx of more workers. |
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Victor
Beginning Saver
Joined: 05 Aug 2006
Posts: 35
Cash Points ££ 1077.84
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| Posted: Thu Oct 19, 2006 9:48 pm Post subject: |
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Britian is not as far along the path of an ageing population and many other western countries
And the poor countries will be hit much harder by it !
I.e. those with relatively large young populations today will wake up to a much larger % of old people than Britainw will.
countries such as China, India and Brazil are sitting on population time bombs, as unlike the west, they cannot import fresh young labour to replenish the population pool |
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JayJay
Newbie
Joined: 25 Oct 2006
Posts: 18
Cash Points ££ 333.60
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| Posted: Wed Oct 25, 2006 2:54 am Post subject: |
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| I don't see what all the fuss is about, as, as we age we tend to emigrate abroad |
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