DECADES OF CHANGE
INCREASED LONGEVITY
Almost two thirds of today’s new-borns will live to see the next century
21% of boys and 27% of girls born in the 2040’s will live to 100 years of age
Living to be 100 could mean our work lives will stretch, with people working until 75 years
FAMILIES OF THE FUTURE
The ‘sandwich generation’ – responsible for caring for both their children and parents – may need to open their household to elderly relatives, as the need for residential care doubles to 1.2m, and costs increase by 2040
42% of marriages now end in divorce
In 2021, more babies were born to unmarried parents than those born to married or civil partnership couples
RETIREMENT
The cost of a comfortable retirement will increase by 150% by 2050 but one in three 30 to 40-year-olds haven’t started saving for any for any form of pension
People of pensionable age are set to grow by 27% to 15.2m by 2045
The state pension age could rise to 69 by 2042, and to 70 by 2056
FUTURE JOBS
30% of British jobs will be under threat from AI breakthroughs by 2030
An estimated 85% of the jobs that will exist in 2030 haven’t even been invented yet
10 million people, or 30% of the UK workforce may need to change occupation or skills by 2030
Older workers could be disproportionately affected by job losses, with the most common age to face redundancy currently 51