For the first time, the UK has more people of pensionable age than children under 16, the Office for National Statistics has revealed.
Confirmation of the ageing nature of Britain’s population comes as the decline in mortality rates seen in the second half of the 20th century is shown to have accelerated during the last decade.
The number of people of state pensionable age, currently 65 for men and 60 for women, rose by 1.9 per cent last year to 11.58 million. they account for 19 per cent of the population, overtaking the 11.5 million children under the age of 16.
The statisticians also identified the over-80s as the fastest growing age group, saying they accounted for over 5 per cent - or 2.7 million of the population. Whilst increasing longevity is a fact with the average Briton getting older, one of the major downsides is that people are facing longer periods of ill health in later life. Consequently, we must face up to the reality of an ageing population. in 20 years’ time it is estimated that 2 million more people will need help with dressing, washing, shopping, eating and other daily tasks.
The changing age structure of our population points to the need for understanding more clearly the fact that one in two of us may require specialist care and help in later life and this raises the question: who is going to pay for this? Currently, if you have assets in excess of £23,500, then you will be expected to pay for care yourself until such time as your assets fall below this figure.
And with care fees costing anything from £20,000 per annum upwards, these are not small amounts of money. According to recent reports, paying for care results in some 45,000 families each year having to sell their homes to meet these bills.
Time to consider options
Mature Times, along with Universal Group feels it is now time to consider the options and solutions available for paying for care in later life.
A series of free seminars hosted by Universal Group was featured in the June edition of Mature Times. These were very well attended and evidenced the need and desire amongst MT readers to seek practical solutions to this vexing issue.
As a result, we are pleased to announce that additional seminars have been arranged for our readers. These are hosted in association with Universal Group. Chief executive, Steve Stapleton, pointed out that ‘the current system was “confusing, unfair and unsustainable” and added that the astronomical costs of care was what stopped people from planning for the future.
‘It is clear’, says Steve, “that ‘a shared responsibility model is what is required here. We invite the financial services industry to consider the opportunity of sponsoring these meetings which are aimed at removing uncertainty and anxiety for the elderly and, more crucially, to enable them to plan ahead.
“After all, passing on the rewards of effort from a working life, be it savings, or one’s home, is only human. Yes, caring and professional advice is at the heart of encouraging all families to consider their future and we want them to come forward if they wish to get involved.”
So what do I do next?
Simple – just call 0207 183 2953 – register for any of the seminars on the right – and don’t forget you will need to quote mt10/11. All seminars are free to attend and you will receive a free DVD on the day.
More seminars are being added all the time around the country, so if you cannot make any of the above seminars please call 0207 183 2953 to find out when the next one is being held in your area.
Unhappy retirement - 19 March 2013
Managing your money – don’t end up like Emmerdale’s Edna Birch - 19 February 2013
Eldest suffer a rise in inflation - 16 January 2013
Campaigns & Issues
Woodland Court staff face secure future thanks to Brunelcare
Residents and staff at a retirement village in Downend have finally reached the end of two years of uncertainty, following the acquisition of Woodland Court by Brunelcare.
Previous owners of the 57 apartment village, Care Village Group, went into administration in June 2011, leaving the residents and staff with an uncertain future.
The top priority for the Bristol based charity has been to retain all 27 members of staff to ensure that the support services are maintained, whilst minimising any disruption to the residents.
Stamping their feet
THOUSANDS OF Post Office staff have taken part in strikes across the country following a dispute about closures, jobs and pay.
A staggering 88 per cent of Communication Workers Union members voted in favour of strike action, following a refusal from the Post Office to negotiate terms.
The 4,000 workers, from 373 offices, took part in the strikes in opposition to plans to close 76 offices.
They hope to protect jobs and services and secure a fair pay rise for Post Office staff - who have not had a wage increase since April 2011.
Competitions & Fun
Win a Doro PhoneEasy 515 handset!
We’ve teamed up with Doro to give four very lucky Mature Times readers the chance to win a Doro PhoneEasy 515 mobile phone.
The Doro PhoneEasy 515 has been designed to provide an easy-to-use mobile for people who might find mainstream handsets difficult or confusing to use. This beautifully stylish candybar phone features an easy-to-use camera enabling you to capture those spontaneous photos quickly and easily before sharing them with others.
The Doro PhoneEasy 515 has several user-friendly functions including a direct SMS key and a charging cradle to make charging hassle free. It also has a large keypad, enlarged text for easy dialing and messaging and a loud, clear sound.
Win a prize at home or away in this month's prize draw with Silver Travel Advisor!
Enter now and you could win a prize at home or away! How about a 7 night break for 2, with flights included, in beautiful Slovenia? Or a trip to London’s glitzy theatreland, staying in a 4* hotel? Both fabulous treats which must be won!
Silver Travel Advisor is a friendly website packed with advice, tips, information and honest reviews written by and for silver travellers (aged over 50). A team of advisors are on hand to answer queries (for free), and you can share your own experiences too.
Health & Wellbeing
Loneliness is a ‘ticking time bomb’
One in three people over the age of 50 struggles with loneliness – fuelled partly by a rise in later life divorces, according to an official study. Figures show almost seven million members of the baby-boomer generation and above admit to feeling lonely.
Research published as part of David Cameron’s plan to measure the nation’s ‘happiness’ said almost half of people over 80 feel lonely - many “much of the time”.
Campaigns groups say the study, by the Office for National Statistics, suggests the generation approaching retirement will be a “loneliness time bomb”.
Property & Finance
15 per cent of population claim financial worries are affecting their health
aspect of their lives
Leisure and Lifestyle
Singing you heart out
Music sensation Billy Ocean takes time out talk to Laura Heads about the release of his latest album and how making music has changed dramatically during his 40 year career.
The star has sold over 30 million records in his lifetime and has collected a pile of Gold and Platinum awards across the world. Billy’s unique reggae infused voice and musical style, representing his Trinidadian roots, are recognisable anywhere and it is that which has earned him his well-deserved number ones.
And the well-loved singer-song writer said that the way music is made has changed a lot since he first began in the 1970s. He said: “Music is now controlled by technology. New artists allow technology to control what they are doing.
New guide to travel insurance launched
THIS IS A handy to use and easy to read guide packed with tips aimed at helping older travellers when considering the purchase of travel insurance.
The guide came about as a result of the numerous enquiries we received here at the Mature Times’ offices regarding travel insurance for older people. MT Editor Andrew Young says ‘We receive many, many e-mails, letters and telephone calls from our readers regarding this subject. We know that as you get older travel insurance becomes more expensive, but there are ways that you can try to help offset some of these increases – and this guide can help you do that.’
Obviously as Editor you will have had many letters of thank-you's and well-done's, so please count this as one more from a convert to your excellent paper.