If you’re providing services to support older people and want to strengthen your pitch to funders, a recently published report by the Office for National Statistics examines the relationship between population ageing, economic dependency and international migration in the UK.
A combination of factors – including people living to older ages, the transition of the post WWII baby boom generation into retirement and women having fewer children – means the number of pensioners is set to increase relative to the population of working age
The Office for National Statistics (ONS) projects that more than 24% of people living in the UK will be aged 65 or older by 2042, up from 18% in 2016.
This means that there is likely to be a growing number of pensioners compared to those of working age.
The ONS report explores how dependency is measured and how factors such as the age at which people retire and migration affect dependency.