John
12-30-2010, 11:38 AM
According to the Department for Work and Pensions, an estimated 10 million of Britain's current residents, or 17% of the population, will live to be at least 100 years old.
The report predicts that by 2066 there will be at least 507,000 UK residents aged 100 or over, including 7,700 people aged 110 or over.
The figures represent a significant increase on the current 11,800 people in the UK who are at least 100 years old, while those currently aged 110 or over is less than 100.
By 2080, the report projects that there could be as many as 626,900 people in the Britain aged 100 or more, with 21,000 of those being at least 110.
The increased lifespan isn't being seen as all good news though, with an ageing nation expected to put considerable pressure on the UK's pension system.
Pensions Minister Steve Webb said: "These staggering figures really bring home how important it is to plan ahead for our later lives.
"Millions of us will be spending around a third of our lives or more in retirement in the future.
"That's why we are reforming the pension system to make it more sustainable for the long term, making sure people can look forward to a decent state pension when they retire, and helping millions save into a workplace pension."
The Department for Work and Pensions report is based on projections obtained from the Office for National Statistics.
Source - Yahoo.
The report predicts that by 2066 there will be at least 507,000 UK residents aged 100 or over, including 7,700 people aged 110 or over.
The figures represent a significant increase on the current 11,800 people in the UK who are at least 100 years old, while those currently aged 110 or over is less than 100.
By 2080, the report projects that there could be as many as 626,900 people in the Britain aged 100 or more, with 21,000 of those being at least 110.
The increased lifespan isn't being seen as all good news though, with an ageing nation expected to put considerable pressure on the UK's pension system.
Pensions Minister Steve Webb said: "These staggering figures really bring home how important it is to plan ahead for our later lives.
"Millions of us will be spending around a third of our lives or more in retirement in the future.
"That's why we are reforming the pension system to make it more sustainable for the long term, making sure people can look forward to a decent state pension when they retire, and helping millions save into a workplace pension."
The Department for Work and Pensions report is based on projections obtained from the Office for National Statistics.
Source - Yahoo.