State Pension Rise: A Surprise for One Group
A State Pension rise could bring a surprise for one group of pensioners, who might receive more than expected.
Planning for the future is crucial, and forecasts have been made. According to Options Pensions, in the UK, life expectancy has increased and the birth rate has decreased over the last decade and a half.
- In 2010, the ratio of people working to every pensioner was 3 to 1.
- Compared to 1901, the ratio was 10 people working for every pensioner, marking a significant decrease.
The UK Government must increase its expenditure on the State Pension due to this shift.
Discover what surprise might await one group of pensioners, and how this surprise could impact you in the near future.
Author's summary: Pensioners may receive more than expected due to State Pension rise.