The number of pensioners is set to far outnumber those of working age making the cost of the pension unsustainable, it is claimed.
Between 2000 and 2050, the dependency ratio- the proportion of the population aged 65 or over compared to those of working age- is projected to rise from 21.2% to 51.1%.
And to make the pensions bill affordable for the younger generation of taxpayers, those people born in the 1970s will have to work longer.
The International Longevity Centre analysis prompted calls from one of the UK's biggest pension companies for both Government and opposition politicians to detail their plans over the future of the state pension.
Kate Smith, head of pensions at the firm, said: Aegon "This report will be concerning for millions of people.
Denne historien er fra February 06, 2024-utgaven av Daily Express.
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Denne historien er fra February 06, 2024-utgaven av Daily Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Happy United back in the goal routine
RASH AT THE DOUBLE AS AMORIM MAGIC RUBS OFF
Horror show for hapless Hamilton
PENALTIES PUNCTURE LEWIS' BID
THREE CARSE IN-ONE
Stokes hails triple threat of England's matchwinner
Reed all about it as Sale roar back
ARRON REED was tipped for \"world-class\" status after scoring two tries as Sale hit Leicester for six.
MOUTH ALMIGHTY!
Lossie cut to 6-4 for Champion
Frasers faces possibility of demotion from the FTSE 100
MIKE Ashley's Frasers Group faces a crucial week with an investors' update on Thursday and potential relegation from the FTSE 100 next Monday.
'I knew when I had the call that she was going to die'
Hell of poison victim’s mum
Putin £100bn war chest vow in bid to finally crush Ukraine
VLADIMIR Putin has approved record military spending for next year as Moscow increases pressure on Ukraine to give up territory in the east of the country.
M Fury as Gregg Wallace hits out at 'handful of middle-class women' who complained about him
MASTERCHEF star Gregg Wallace prompted a backlash yesterday by saying complaints made against him came from a \"handful of middle-class women of a certain age\".
Balmy days are over as winter freeze bites back
THE big freeze will return this week, bringing snow and heavy frost to the north and temperatures as low as -7C.
