Special Blog: The Macroeconomic Implications of Population Ageing

Key points

  • Population ageing is a worldwide phenomenon and should be celebrated.
  • It will dramatically reshape the developing world in particular.
  • Has big implications for economic growth and debt sustainability.
  • Dependency ratio remains relevant from a public spending perspective.
  • UK has relatively favourable demographics relative to other developed countries but remains exposed to these headwinds.
  • Boosting fertility, migration and working longer could all have positive effects on economic output over the long run.
  • But raising productivity growth of the labour market and specific public services such as health care will also be key.

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Are we all in for a wage rise?

A short term rise in wages may be on the cards but the long term economic challenges from population ageing run deep.

Today’s Metro front page splash reports that “Lidl will become the first supermarket in the UK to pay employees a minimum wage recommended by the Living Wage Foundation.” It is great news for employees in this traditionally low paid sector. Continue reading

When Trends Collide

On the 1st of September the Office for National Statistics produced its latest figures mapping the increase in life expectancy for men and women in England and Wales. The figures, which map the progression of life expectancy between 1841 and 2012, captured the interest of the national press, leading to a number of stories reporting the upward trend and speculating on its significance.

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Guest blog: Nick Sanderson, Audley Retirement – Older people deserve accommodation that meets their needs and desires

The ILC-UK’s report might come as a surprise to those that don’t know much about the retirement village concept. For those of us that run retirement villages with flexible care provision, it serves primarily to add statistical evidence to what we have long believed to be the case: living in this kind of accommodation has a positive impact on quality of life.

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Guest Blog: Paul Teverson, McCarthy & Stone – The Future of Housing – Will later life continue to be the forgotten part of the housing debate?

This blog is one in a series of blogs on the Future of Ageing, published in the lead up to the ILC-UK Future of Ageing conference on the 24th November. To register to attend this conference, click here.

With homeownership levels among 25-34 year olds dropping from 59% to 35% between 2004 and 2014, the need to build more new homes suitable for our young population is undoubtedly essential.  It’s also good retail politics for the Government given the positive headlines generated by initiatives like Help to Buy.

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