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 essential, and forecasts suggest a positive outcome. According to Options Pensions, life expectancy in the UK has increased, while the birth rate has decreased over the last 15 years.
- In 2010, the worker-to-pensioner ratio was 3:1.
- In 1901, the ratio was 10:1, marking a significant decrease over the century.
The UK Government must increase State Pension expenditure due to this shift.
By staying informed, you could more easily navigate life’s State Pension surprises.
Author's summary: Pensioners may receive more than expected due to State Pension rise.