Policy Hub
On 31 October 2005, Tomorrow’s Company, an independent business-led think thank published a report (The ageing population, pensions and wealth creation) which argues that the so-called 'dependency ratio' is misconceived - that the number of non-working people is likely to be lower relative to the number of people in work than has been assumed.
Critically, rising productivity will offset the effects of an ageing population and make a decent universal state pension practical. The key, therefore, is not addressing a supposed 'savings gap' but pursuing economic policies which promote productivity, growth and wealth creation.
A press summary can be viewed on the Tomorrow's Company website.