Source: Office of National Statistics
Live longer,live life given a longer life expectancy
This page usually tries, if anything, to be encouraging.For many people life at a certain age is an attitude of mind and not a number. We can live on hope and expectation, that we will be blessed with reasonable good health and the level of wealth to enjoy the later years. Occasionally , we have to look at the numbers so that things are left not completely to happenstance. Financial and other planning can help to provide a little more comfort.So there is a message for us in official statistics. According to the official ONS data for 2006-08, males at age 65 can expect to live an additional 17.4 years, the corresponding number for females at age 65 is 20 years. For more information behind these headline figures you can go to http://www.statistics.gov.uk/cci/nugget.asp?id=168
The new UK government has decided that the previous government’s plans to raise the retirement age were not ambitious enough given the rising life expectancy and the huge current level of Government debt and future pension liability.So 10 years earlier than planned, it is now proposed from 2016 to raise the retirement age for receipt of state pension from age 65 to 66 (for females this is likely to be from 2020).For more on this…http://news.bbc.co.uk/1/hi/business/10375740.stm and according to a report in the Times website the plan is for the retirement will rise eventually to age 70.http://www.thetimes.co.uk/tto/news/ So with the encouraging news of possible longer life comes the challenge of having enough money to see out this extra time. The future aim of these pages, in addition to exploring areas for continuing life improvement generally, is to bring out information on how this challenge of financial security might be achieved.