Desperately seeking solutions

We should not consider for a moment that the UK is unique in ­having concerns about its rapidly ageing population and how to pay for long-term care. The OECD has recently conducted a far ranging review of member ­countries who are all grappling with the consequences of rapidly ageing populations. The figures are stark. In 1950, less than 1% of the global population was aged over 80-years-old. By 2050, the share of those aged 80 years and over is expect to increase from 4% in 2010 to nearly 10% across OECD countries. The projected impact for government and private market spending...