Interesting article in The Guardian today... Worth a view.
Baby boom or pensions bust
We have a situation where people can expect to live longer but have far less confidence about how much they are going to have to live on.
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In these circumstances, there is only a small number of options: pensioners get relatively poorer, we save more so that our pension pots are bigger, we work for longer, or we fix the demographics.
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Which brings us to David Willetts and his suggestion that western societies should be looking to defuse the pension timebomb by increasing birth rates. The Conservative party's work and pensions spokesman says fertility rates are linked to the way we organise societies. Italy has extended families headed by a male breadwinner and a high percentage of 18- to 24-year-olds living at home. It also has the lowest fertility rates.