One in four Brits will be aged over 65 by 2050 - ONS

Old age dependency ratio ‘outdated’

clock • 6 min read

An ageing population is drastically altering the economic landscape of the UK, the latest figures from the Office for National Statistics (ONS) have indicated.

According to the ONS, nearly a quarter of the UK population (24%) will be 65 or older by 2042 and the body predicts around five times as many 65 to 69 year olds will be economically active in 2067 (50.55% of the age band) compared with 1992 (10.21%). There has also been a 29 percentage point increase in the number of working women aged 60 to 64, the data also showed. As a result, the ONS has suggested the old age dependency ratio - the traditional measure of the population age structure - is ‘outdated', as more people work up to and beyond the state pension age. "It [the ONS] does tak...

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