2007 is pivotal year for pensions says government research

The Office for National Statistics says 2007 is the year when the number of UK pensioners overtakes the number of children under the age of 16, a gap that is expected to reach 2 million people by 2025 according to new forecasts made on 2000 population figures. The change will also see the number of pensioners increase more than 10% in the next ten years, roughly double the increase in the number of people of working age during that time. There will be nearly 12 million people aged 65 and over by 2011 - rising to 16 million by 2040, by which time they will account for 25% of th...