life's too short and we're now all forecast to die sooner

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Small print alert: We're going to die sooner

In rather morbid news, the Office for Budget Responsibility has revised up its expected mortality rate.

It now expects 502,000 pensioners to die each year, up from 476,000 previously (which will mean less spending on pensions).

It says:

This is consistent with life expectancy increasing less than projected since mid-2014. By 2022, the population in this age group [adults aged above the state pension age] is 1.2% lower than previously assumed.

The OBR has also trimmed its fertility rate forecast (meaning fewer children join the population) and cut its forecasts for inward migration (thanks to Brexit).

Posted By: Ralf Scrampton, Nov 22, 17:16:19