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  • There needs to be a much broader political conversation about the social contract and welfare state

    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.

    The differences in the growth of the pensioner population and that of the working-age population has a demographic impact. There were 280 pensioners for every 1000 people of working age as of 2020. This will increase rapidly from the 2030s and will reach levels never seen before by 2070, where the ratio is projected to be 393 pensioners per 1,000 people of working age

    https://www.gov.uk/government/publications/state-pension-age-review-2023-government-report/state-pension-age-review-2023

    Without some fundamental changes to the system, we will just land up placing an ever greater burden on our kids

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