TFR was 1.79 in 2016 (latest stats available).
https://www.ons.gov.uk/peoplepopulat...enceofmotheruk
Quote:
In 2016 the total fertility rate (TFR) in the UK was 1.79 children per woman, a slight decrease from 2015 (1.80).
Northern Ireland had the highest TFR of all UK countries in 2016, with 1.95 children per woman, in England and Wales the TFRs were 1.81 and 1.74 respectively; Scotland had the lowest TFR with 1.52 children per woman.
The East of England and the West Midlands were the regions of England with the highest TFR in 2016 with 1.91 children per woman, while the North East and London had the lowest with 1.72 children per woman.
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1956, so I should (on average) live to 82 (another 21 years, or 16 years of pension for 49 years of working)
Well, it's fiscal madness for anyone to expect to live longer and expect the same pension, so working for 40-45 years and expecting a pension to pay out for 30-35 years isn't going to happen - it's already started, as my pension age has gone from 65 to 66, and my wife's from 60-66; I would imagine in about 35-40 years time, that will increase to around 70 (it's planned to rise to 68 between 2037 and 2039). On the bright side, you will (on average) be living longer, so swings and roundabouts.
The FT forecasts there will be 2.9 workers for every 1 retiree by 2050.
Quote:
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The number of working age people to every pensioner, or the “old age support ratio”, is forecast to fall to 2.9 by 2050, from 3.3 in the mid-1970s to 2006.
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https://www.ft.com/content/fda8675a-...a-00144feab7de