Retiree households to dominate household growth

The over-65s will dominate household growth over the next two decades, according to projections from the Office for National Statistics.

Data from the ONS, based on a study of populations and demographic trends in 2014, found households headed by someone aged 65 or over are projected to increase by 155,000 per year, accounting for 74% of total household growth by 2039.

In contrast, households headed by someone aged 25 to 34 are projected to decrease by 9,000 per year by 2039.

Overall the number of households in England is projected to increase from 22.7m in 2014 to 28m in 2039, growing at 210,000 per year on average.

One-person households are projected to increase by 68,000 per year, 33% of the total increase up to 2039; 62% of these are among over-65s

Older households are projected to account for an increased proportion of all households. Those aged 65 and over increase from 29% of all households in 2014 to 37% in 2039. Households aged 85 and over increase from 4.1% to 8.1% of all households over the projection period.

The average size of the household, however, is also projected to fall from 2.35 in 2014 to 2.21 in 2039.

Changes in population account for around 94% of household growth in the period with net migration accounting for 37% of the growth. But this could of course all change once Brexit negotiations are complete.

x

Email the story to a friend



One Comment

  1. Will

    So with all these statistics are wise Government should be able to plan for the future (as they have always been able to but failed to do so!!)

    Report
X

You must be logged in to report this comment!

Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.