This report by ILC-UK describes the future challenges and opportunities posed by an ageing population It argues that our society is not adequately responding to ageing today. For example:
- The social care system is crumbling and health care is failing to incentivise the prevention of ill health.
- The housing and planning system is failing to respond to ageing, resulting in people living in housing which does not meet their needs.
- Individuals are currently underestimating their life expectancy and risking running out of money in retirement.
The report emphasizes that without action today, the picture in 10 years time could be much worse. The report predicts that average pensioner incomes will start falling as more people retire with a less generous state pension and without the benefit of final salary pensions.