Case Study: UK's Ageing Population - Responses
Geography: Cambridge International GCSE (2027 Exams), topic 6.2.8
Responses to the UK's Ageing Population
There are a number of responses that the UK is using to try and adapt to the ageing population.
Increased funding for medical care
- Older people need more support and medical care.
- Increasing government spending on care homes and healthcare should help the UK deal with an aging population.
Increased pension age
- In 2011, the state pension age rose to 65 from 60.
- The state pension age in 2019 was 65 and this rose to 66 in 2020.
- It will rise again in 2026/27.
- Increasing the state pension age means that people have to work for longer.
Encouraging money saving
- The government has made pensions opt-out, instead of opt-in by default.
- This encourages people to save for their retirement.
Winter fuel allowance
- The Winter Fuel Payment is a payment of £100-£300 to help older people pay for heating in the winter.
Equity release mortgages
- These mortgages allow people to earn money to live or to give to their children without pensioners having to sell the house that they live in until they die.
Test yourself on Case Study: UK's Ageing Population - Responses
How is the UK trying to adapt to the ageing population?
How is the UK trying to adapt to the ageing population?