November 28, 2005
Monday
More and more of us will be over 65
Currently 19% of the population is of state pensionable age. By 2055, that proportion will have risen to 26%. It is a simple statistic that supports the idea that either the state pension age must rise or the amounts paid in state pensions and benefits must fall further below average earnings. The statistic is fromPension Facts, a collection of useful data, from the Pensions Policy Institute.
Posted by James Bartholomew • Indexed in Pensions
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Yes, there will be more old people who will be paid the state pension. But there will be fewer infants and children, which would benefit the exchequer and at least partially offset the extra costs of state pensions.
Posted by: Ronnie Horesh at November 29, 2005 10:02 AM