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Looking back to look forward: lessons from four birth cohorts for ageing in the 21st century.

Government projections indicate that by 2026 the number persons aged 60 and over living in Britain will reach 17.1 million, giving rise to concerns about the social and economic costs of an ageing population. Little attention, however, has been paid to the likely socio-economic characteristics of those retiring in the twenty-first century, and how they may differ from previous cohorts of elderly persons. This research analyses data from the General Household Survey (1974-1996) to examine the social and economic experiences of four birth cohorts. Findings indicate significant differences in the living arrangements, health and access to resources amongst the cohorts, which will have implications for the retirement prospects of the post-war baby boom generations in 2020 and beyond.