This is the live blog for the ILC-UK and Actuarial Profession joint debate ‘The cost of our ageing society’ sponsored by Milliman. You can find further details of this event on our Events page. Continue reading
A new report by Experian (Town Centre Futures 2020) paints a picture an older consumer with the potential to heavily influence the future of our town centres.
The report notes that the median age of the population is expected to rise from 39.7 in 2010 to 42.2 years by 2035. It highlights that in 5 years’ time there will be half a million fewer teenagers and young adults. And in 10 years’ time there will be 3 million more people aged 70 and above.
Back in 2010, ILC-UK’s report, supported by Age UK, The Golden Economy, also flagged these trends. Continue reading
Before the summer recess, the Select Committee on Public Service and Demographic Change held its first evidence session. The Committee, whose remit is to consider public service provision in the light of demographic change, opened their enquiry by quizzing demographers on our ageing society. Continue reading
Recent reports have disclosed that Labour are to establish a new special commission to address discrimination against women over the age of 50. The Labour Commission on Women will be led my Miriam O’Reilly, former presenter of BBC Countryfile, and Arlene Phillips, former judge on the BBC’s Strictly Come Dancing. The Commission will be chaired by Harriet Harman . Continue reading
Over recent years, the housing market has failed to deliver adequately for both younger and older people. House prices have become too expensive for many younger people, whilst older people who want to downsize or move to retirement properties have found it difficult to sell.
The impact of this trend is highlighted in the latest Aviva Family Finances series, which focussed on the growing trend of intergenerational living. Continue reading
People considering retirement housing need to know if and how they might receive help with costs.
Retirement housing is appreciated by older people for the combination of independence, support and peace of mind it can offer. We know that its availability is limited – but is it also an option only for the well-off or those on means-tested benefits? New analysis by the New Policy Institute shows that, at least in theory, it shouldn’t be. Continue reading
There are some fascinating new bits of data in the latest annual report of the Prisons and Probation Ombudsman.
The report reveals that increasing numbers of people are growing old and dying of natural causes in prison. In June 2011, there were 9,000 prisoners aged over 50 across England and Wales, 10.5% of the population. Prisoners aged 60 and over are now the fastest growing age group in the prison estate with their numbers rising 128% between 2000 and 2010. Continue reading
The Policy Exchange report makes an interesting read especially for those of us who have been promoting digital inclusion and digital skills to older people for years. (It’s worth noting that this report also looks at NEETs – young people not in employment education or training – and how the government could use digital technology better to offer personalised support to them.) Continue reading
It has long been the case that older people donate more to charity than younger generations. But it is worrying to learn about the growing giving gap between young and old?
Research published today by the Charities Aid Foundation highlights a “long-term crisis of giving – with new generations failing to match the generosity of people born in the inter-war years”. Continue reading