Seventy is the new 50, a report by HSBC and the Oxford Institute of Ageing has claimed. The 60-79 age group was found to be worth £59 billion, showing older people to be huge contributors to the economy. Prosperous over-sixties are increasingly pricing first-time buyers out of the property market. Contemporary trends, such as high divorce rates and more women without children, also mean that future pensioners will be unable to rely on family support.
Matt Hackett