Resolution Foundation

Big welcomes and long goodbyes

The impact of demographic change in the 2020s

It is well known that UK population ageing is set to accelerate in the 2020s. As a result, the discussion around demographic change tends to fixate on the fiscal implications from increased public spending pressures. But demographic change has wider implications for economies – it influences the size and shape of the labour market, demand for public and private goods and services, economic growth, and ultimately, living standards. This briefing note investigates the economic impacts of demographic change that are often overlooked.

Our findings show how the changing age-related composition of the UK’s population – and workforce – will likely affect the dynamics of the labour market, have consequences for output, and also shift demand for different goods and services. Policy makers will need to address the demographic-driven challenges that are hitting now, while also embracing the short-term opportunities that will come with economic change.


For all research queries about this report, please contact Molly Broome. For press queries, please contact the Resolution Foundation press office.

Molly Broome
Resolution Foundation

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