Quote:
Originally Posted by Hugh
TFR was 1.79 in 2016 (latest stats available).
https://www.ons.gov.uk/peoplepopulat...enceofmotheruk
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.
https://www.ft.com/content/fda8675a-...a-00144feab7de |
Actually life expectancy has started to fall in this country (I know you love a fact Hugh !)
https://www.telegraph.co.uk/news/201...g-hardest-hit/
You can speculate as to the reasons why, the NHS being run into the ground by the Govt. might just be a factor.