"... Ministers say people should prepare to spend more than a third of their lives in retirement due to the "staggering" rise in life expectancy.
In the first official projection of its kind, the Department for Work and Pensions today forecasts that almost a fifth of Britons will celebrate their 100th birthday.
Of the 17 per cent of the population who will become centenarians, about three million are under the age of 16, and 5.5 million are aged between 16 and 50.
..."
Read the complete article from The Telegraph
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