How should inequality in lifespan be factored into policy on the age of eligibility for state pensions?
One reason why people are wary of increasing the age of eligibility to state pensions is perceived inequality. Some groups have lower life expectancy than the average. This post takes one perspective on what inequality in lifespan looks like in the UK.
People tend to underestimate how long they are going to live. Why is this? One contributing factor is that the life expectancy “facts” we usually see or hear are themselves underestimates.