A growing workforce could pay for pensions - TUC

In a new report entitled ‘The Eighty Per Cent Solution’, the TUC says raising the state pension age is only a ‘quick fix’ solution to cope with an increasing retirement population, as opposed to those people working - the so-called 'dependency ratio'. The Congress says going back a century, for every person aged 65 and older, there were 20 people younger and in work, while today there are six and by 2051 there will be just four. The number of children dependent on the working population is also set to decrease. Moreover, it argues a higher retirement age will therefore condemn the poor...