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PSY267: PBL2, Learning Outcomes:
1: Discuss the pension scheme and how…
PSY267: PBL2
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Statistics (Kyle)
The retirement age in the UK is currently 66, but men retire at 64.7 years old on average, while women leave work at 63.6 years old. Women saw a controversially steep rise in their pension age from 60 to 65 in 2018, and both sexes saw the state pension age increase to 66 in October this year. There are plans to increase the official retirement age to 68 by 2039.
Total private pension wealth in Great Britain was £6.1 trillion in April 2016 to March 2018 (42% of total wealth), up from £3.6 trillion (34% of total wealth) in July 2006 to June 2008, after adjusting for inflation.
Only 65% of our survey respondents said they had a pension, equating to 33.4 million people. This means 35% of people, in other words 18.4 million Brits, either have no pension or are unaware that they have one. Of those who said they did have one, 36% weren’t sure how much was in it.
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Loneliness - and mental health issues surrounding worries about going x amount of days without seeing people.
Worries surrounding if they're on a low income for example if they have no savings so they might worry about how they fund food, and or every day tasks such as trips out with family members (FOMO) (Chloe)
Worrying about how much they have accomplished from their lives e.g. looking back on memories could resort to them having depression (chloe)
Learning Outcomes:
1: Discuss the pension scheme and how it works, as well as who is eligible and when to apply (Kyle)
2: Evaluate why the pension is useful for society as a whole and how it applies in terms retirement (Kyle)
3: Look up on statistics of old age and old age problems over the last 50 years and how they are treated and supported in the 21st century (Kyle)