Slides from the Resolution Foundation event Grey(t) Britain: lessons for an ageing society

1. May 19@resfoundation 1#ExtraTime
Grey(t) Britain: lessons for an ageing
society
Book launch for Extra Time: 10 lessons for an ageing world by
Camilla Cavendish
Camilla Cavendish, author, journalist and former No. 10 Director of Policy
David Willetts, Executive Chair of the Resolution Foundation
WI-FI: 2QAG_Guest Password:Welcome_Guests

2. 2
There are lots of baby boomers
Births per year and generational averages: UK
@resfoundationSource: ONS, Birth Characteristics (England and Wales); NRS, Births Time Series Data (Scotland); NIRSA, Live Births, 1887 to 2015 (Northern Ireland)

3. 3
Employment rates for older workers have surged
Employment rate, various age bands: UK
@resfoundationSource: ONS, Labour Force Statistics
The 50-64
employment rate
has increased by
16 percentage
points over the
past 25 years -
equivalent to an
extra 2 million
people in work
The 65+
employment rate
has doubled since
1994, now at 11
per cent
16-64 (left axis)
50-64 (left axis)
65+ (right axis)
0%
2%
4%
6%
8%
10%
12%
14%
16%
0%
10%
20%
30%
40%
50%
60%
70%
80%
1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

4. 4
The dependency ratio is rising
Employment rate, various age bands: UK
@resfoundationSource: RF analysis of ONS, 2016-based mid-year population estimates; ONS, 2016-based population projections
0.6
0.65
0.7
0.75
0.8
0.85
0.9
0.95
1
1961 1969 1977 1985 1993 2001 2009 2017 2025 2033 2041 2049 2057 2065
Actual
Longevity only scenario (equally sized birth
cohorts)
Baby
boomers
young
Baby boomers of working age Baby boomers in retirement
Dependency ratio (under 20 and 65+ population)/20-64 population) in different scenarios: UK

5. 5
The country isn’t ageing equally
Proportion of population aged 65+, 2016
@resfoundationSource: RF analysis of ONS population estimates
24 local authorities
have a higher share of
their population over
65 than Japan (where
the 65+ share is 26%)
West
Somerset
(33%)
Rother
(31%)
North
Norfolk
(32%)

6. 6
The country isn’t ageing equally
Proportion of population aged 65+, 2016
@resfoundationSource: RF analysis of ONS population estimates
24 local authorities
have a higher share of
their population over
65 than Japan (where
the 65+ share is 26%)
West
Somerset
(33%)
Rother
(31%)
North
Norfolk
(32%)
Manchester
(9.4%)
Nottingham
(11.7%)
Tower Hamlets
(6%)

7. 7
The country isn’t ageing equally, but it’ll all be ‘old’ before long
Proportion of population aged 65+, 2016 (LHS) and 2039 (RHS)
@resfoundationSource: RF analysis of ONS population estimates