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The UK’s Ageing Population

By 2039 it is expected that 25% of the population will be over the age of 65. The number of people over age 85 is projected to double to 3.2 million in 20 years’ time and treble in 45 years.

The report reminds us that 25% of male and 35% of female 65 years olds in the UK will have substantial care needs at some point in their life and the average length of time a person lives in a care home is estimated to be 2.5 years.

Source: The Faculty of Actuaries


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