You Could Live Till Your 103

Half of Today’s children will live until the age of 103, meaning people will have to work for longer to support themselves, a major enquiry has concluded.
The rapidly-rising older population will have to learn to get by without relying on the help of young taxpayers, according to the report.
The House of Lords study – Ready for Ageing? – reveals the number of people over 85 will more than double between 2010 and 2030. And one expert told the inquiry that any baby born after 2007 has a one in two chance of living past 100.
But the number of people with three or mote long-term health conditions will rise by 50% between 2010 and 2018.
The report, by the House of Lords committee on public service and demographic change, said: Professor Sarah Harper of the Oxford Institute of Population Ageing told the Daily Mail that if we us cohort life expectancy for the 2007-birth cohort, you can say that 50% of that cohort will still be alive by the time they are 103.
The population is ageing rapidly but the government and our society are woefully unprepared. Longer lives can be a great benefit, but there has been a collective failure for years to address the implications and without urgent action this great boon could and most probably will turn into a series of miserable crises’.
Based on Whitehall figures, the report said nearly 11 million people would need financial support when they retire.
It added: ‘It would be naive to think that this can simply come from taxpayer-funded resources’. That’s pretty obvious to anybody with an inkling of the mess we are getting into!!!.

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