State Pension Rise: A Surprise for One Group
A State Pension rise could bring a surprise for one group of pensioners, who may receive more than expected.
Planning for the future is crucial, and forecasts have been made. According to Options Pensions, life expectancy in the UK has increased, while the birth rate has decreased over the last decade and a half.
- In 2010, the ratio of workers to pensioners was 3:1.
- In 1901, the ratio was 10:1, marking a significant decrease over a century.
This shift necessitates an increase in UK Government expenditure on the State Pension.
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.