What do you know about Full State Pensions in the UK? Complete the quick quiz! When do men currently receive the full basic state pension? 2. True or False; women receive their state pension earlier than men? TRUE Pensions were paid to women at 60 until 2010, but the age at which females can claim their pension is gradually increasing and will be 66 by 2020.

What do you know about Full State Pensions in the UK? £61.40£97.65£113.10£127.35£ How much does a single person currently receive weekly from a full basic state pension? To earn a full basic state pension how many years do you need to work in the UK first? £35,308£24,560£52,087£16,456£41, On average how much in total to people receive in pensions over the course of their retirement?

Learning Objectives The implications of different structures for the balance between population and resources. Ageing population case study: UK

Demographic ageing An ageing population: an increasingly high proportion of old people (over 65) within an area/country. Like many western European countries, the UK is facing the future difficulties of managing an ageing population.

What will life be like for you at 72? If you remain a UK resident, chances are your life at 72 will be very different from the 72 year olds alive today. Firstly, there’s a very good chance you’ll get there: It is also likely that you will be fitter than most 72 year olds today! Male Female

There is a good chance that you will still be working And there is a fair chance you may be less well off, as you have had to pay more taxes and will receive less benefits. The bad news is…

Under 23s will get state pension at 69, 70 or higher… if you were born in 1997 it will be 68 ! The number of people receiving the state pension will increase from almost 13million today to nearly 17million in 2034 as Britain’s baby boomers reach retirement. The last women to retire at 60 have already done so. Between now and 2016 the retirement age for women will rise to around 63. Then, between 2016 and 2020 it will rise to 66. When you reach the milestone of the state pension age, you have three choices. Cease your working life and get your state pension Continue to work and receive your state pension as well Carry on working and hold off claiming your state pension Rising life expectancy also means the average time spent in retirement is now 26 years for a woman and 22 years for a man Retirement facts!

Activity: Why are we experiencing an ageing population? Watch this video and answer the questions on your sheet.video

60’s baby boomers High proportion of people living over 65 Decreasing birth rate Economically active Elderly dependents Activity: UK’s population structure in 2025 Annotate the predicted UK population pyramid with the following labels…

The UK’s population structure in ’s baby boomers Decreasing birth rate Elderly dependents High proportion of people living over 65 Economically active Will there be enough working people to support this cohort?

Activity: What are the implications of an ageing population structure? Is it all doom and gloom? An ageing population creates both benefits and problems. Create a key to code the statements on your sheet. An ageing population creates both benefits and problems. Create a key to code the statements on your sheet. Extension: are these implications social or economic? Code them accordingly.

‘What are the likely implications of an ageing population within the UK’ For a question that is asking you to refer to a country (or area you have studied) you would need to add detailed information to your answer. To make your answer specific you could add any of the following facts... In 2011, 60% of population are of working age – their taxes pay for the 21% of our population who are in retirement. By 2030, only 56% of our population will be of working age, but their taxes will have to pay for the pensions of 27% of the population in retirement. Currently only 57% of Britons aged are in employment The average of retirement in the UK is 63, two years more than the EU average.

Activity: Exam practice What are the likely implications of an ageing population? (6 marks) What are the likely implications of an ageing population? (6 marks) Pick a maximum of six statements and answer the question providing a balanced argument considering the pros and cons of an ageing population.

1. The retirement age is being increased 2. Boosting the numbers of our working age population by encouraging immigration By 2050 the retirement age for everyone will be 68 Especially from within EU since % of our new immigrants are under 34 Are all these strategies likely to be popular? Activity: Complete the 15 mark question template Are all these strategies likely to be popular? Activity: Complete the 15 mark question template What are the strategies to manage our ageing population? 3. Encouraging women to have more children Tax breaks, improved financial incentives and increased paternity leave.