As I said a couple of years ago, old people ain’t what they used to be. The stooping old women you see in the grainy old films from the 1920s were only in their mid 50s. Nowadays, 55-year-old women look like this, or even this. Well, OK, not all of them but, on the whole, people in their 50s are a lot fitter and healthier than people of the same age were when pensions were first introduced.
A paper in the British Medical Journal this month argues that we need to redefine what we mean by the dependency ratio. If we define it in the traditional way, the number of those over 65 divided by the number between 16 and 64, then the dependency ratio has been rising for some time, as birth rates have fallen and, more importantly, life expectancy has increased. But, say Jeroen Spijker and J
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Utopia, you are standing in it! 
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