Growing old is not a liability but can help to advance our economy
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Narrated by Andy Haldane | Andrew Scott
Last week was Longevity Week, a chance to think about the challenges and opportunities that past increases in life expectancy present to us. Perhaps in a world plagued with uncertainty and with British growth stagnant, you might think that adding ageing to the list of issues on our plate, with all its associated costs of increased pensions and healthcare, is the last thing we need. But that would be 100 per cent wrong. Appropriately managed, longer lives can deliver a triple dividend of higher economic growth and business profits and a boost to our individual wellbeing.
In the UK, about four in five people aged 55 are still working, but by age 65 that falls to two in five. In other words, the big fall