![]() ![]() There were 280 pensioners for every 1000 people of working age as of 2020. The differences in the growth of the pensioner population and that of the working-age population has a demographic impact. As a result of changes in total fertility rates and continued life expectancy improvements, there are projected to be 5 million more pensioners in the population by 2070 and just 1 million more of working-age. Nevertheless, the government is aware of growing inequalities in life expectancy outcomes and is taking action to tackle this.Īlongside changes in life expectancy, the number of children people have on average is lower than seen historically and is also lower than at the time of the 2017 State Pension age Review. ![]() For most people and communities this does not represent falling life expectancy, as life expectancy at age 65 is 20.9 as of 2020, but a slower rate of future improvement. For example, in the 2014-based projections that informed the 2017 Review, life expectancy at age 65 was projected to reach 27.3 years by 2060, whereas in the latest 2020-based projections it is projected to reach 24.4 years. However, since the 2017 State Pension age Review was undertaken, the rate of increase in life expectancy has slowed. īy 2070, life expectancy at birth of males and females is projected to reach 92.5 and 94.6 respectively, reflecting improvements of more than 4 years compared to 2020. ![]() Life expectancy has increased by 10 years for male and females as of 2020 compared to 1951. Life expectancy has increased over time and is projected to continue to do so. The Secretary of State is required, under section 27 of the Pensions Act 2014, to report on this issue periodically.Īs a society we should celebrate improvements in life expectancy: This is the second Review of State Pension age by the Secretary of State for Work and Pensions. ID E02808976 03/23 Executive Summary Introduction Presented to Parliament pursuant to section 27(6) of the Pensions Act 2014Īny enquiries regarding this publication should be sent to us at 978-1-5286-3730-5 ![]()
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