Seniors

WHAT'S NEXT?: Between 2000 and 2050, the proportion of the world's population aged over 60 will double from about 11 per cent to 22 per cent.

• [New] The population of seniors in the U.S. is expected to more than double from 41 to 86 million between now and 2050.
• [New] In Asia, the elderly will soon account for more than 20% of the population in the People's Republic of China.
• [New] UK spending per child and spending per pensioner are expected to have grown by similar amounts over the 20 years between 2000 and 2020.
• [New] The number of disabled older adults receiving informal care in England will increase from around 2.2 million in 2015 to around 3.5 million by 2035.
• People in the UK people expect more than a third (34%) of their retirement income to come from workplace pensions.
• Pent-up demand for longevity risk transfer among pension schemes could make 2018 a record year for longevity swaps and reinsurance transactions.
• UK pensioner incomes have performed strongly in this century: median pensioner incomes are now higher than median working-age incomes after housing costs.
• The number of people with diabetes in India currently around 40.9 million is expected to rise to 69.9 million by 2025 unless urgent preventive steps are taken.
• The global fluff pulp market is expected to grow in future due to increasing ageing population, female population, growth in baby diaper market.
• In Europe, 1 in 6 people are affected by disability to some degree and with an ageing population the need for information about barrier-free transport options in cities will only grow with time.
• The size of global pension funds is expected to grow at a compound annual growth rate of 7.5 percent between 2015 and 2020, mostly in advanced economies.
• The really difficult issue for US seniors will be cost of housing vs their income: It is usually considered that people should not pay more than 30% of their income for housing.
• South Korea will spend more on preparing measures to tackle the low birth rate, elderly poverty and low employment rate among women.
• Increased contributions to the Canada Pension Plan could deny the country billions in retirement savings that might be used for investments at home.
• The U.S. Chamber has estimated the multiemployer pension plans of 1.5 million workers and retirees nationwide are facing shortfalls and are at risk of insolvency in the coming decade.
• Millions of UK Social Security recipients and other retirees will get a 2 percent increase in benefits next year, the largest increase since 2012.
• The Trump plan includes changes to Medicare that could lower out-of-pocket costs for some seniors.
• Trump's blueprint did include changes to Medicare that could lower out-of-pocket costs for some seniors.
• A combination of low fertility rates and longer life spans will lead to future ageing in all major regions of the world.
• The cost of the UK's future contributions to the EU's pension scheme is a particularly uncertain part of the settlement: Payments are forecast to extend until at least 2064.
• Pension contributions in California are projected to reach $1.6 billion in 2024-25 before reducing back to $1.4 billion by 2029-30.
• California pension contributions are projected to occupy a larger share of operating expenditures through the year 2029-30.
• Approximately 484,000 people age 65 or older will develop Alzheimer's dementia in the United States in 2018.

Last updated: 20 June 2018