This report seeks to bust the widely touted myth that there is a uniform group of older people in the UK – so called baby boomers – who have benefitted at the expense of younger age groups.
The report by the Ready For Ageing Alliance – a group of major national charities interested in our ageing society – presents compelling evidence that baby boomers (in this report defined as between the ages of 55-70) are in fact a diverse group of people in virtually every aspect of their lives. The report argues that in reality, one of the few things this group shares is chronological age. The Ready for Ageing Alliance argue that the term “baby boomer” has become an overused and potentially dangerous shorthand to inaccurately describe everybody in a single age group.
Evidence revealed in the report includes:
- Whilst many boomers have benefitted from house price inflation, just under half of those aged 55-64 in England fully own their property and 24% are still renting.
- Whilst some boomers can expect to live a long time in good health, men in the most deprived parts of the England can expect to live to 52.2 year in good health compared with 70.5 in the least deprived areas. 6.7 million people aged 45-64 have a long standing illness or a disability.
- Whilst some boomers benefitted from free education, under one in five of those aged 55-64 in the UK have a degree.
- Whilst some boomers will retire with good pension provision, almost three in ten of 55-64 year olds in Great Britain do not have any pension savings (nearly 2 million people).