In 2015, 12.3% of the global population were over 60 years old. By 2030, this will have increased to 16.4% and by 2050, 21.3% of the global population will be over 60.
Today’s population age-structure is created by patterns of fertility and mortality. Over the last 50 years, mortality and fertility rates have decreased. This means with people living longer, our challenge is often how to maximise good health in later life.
View source data on ONS website
The UK ageing population and increasing life expectancy should be celebrated, but it also poses challenges. For many people, improving their health and preparing for financial security in retirement can help reduce uncertainty and re-frame retirement expectations.
There are four key challenges facing middle aged people today:
Our Midlife MOT course has been designed to help people prioritise their needs and take steps to ensure they have the best retirement possible.
Your 40s or 50s are likely to be a busy time, and for many people it’s difficult to think long term and make plans. That’s why our Retail team have launched a new course with The Open University: the Midlife MOT.
The educational course is a free online wealth, work and wellbeing check that can help you plan for the rest of your midlife and prepare for your future.
The course takes around two to four hours to complete, and covers topics like:
I found it really informative and reassuring. This is not just about financial wellbeing, it’s about lifestyle and broader challenges as well.