East Lindsey has been named as the ‘baby boomer hot spot’ in the East Midlands, with almost one in three residents being 50-68 years old.
A report compiled by the pensions and investments provider Aegon shows that 29.7 per cent of people living in the East Lindsey district are aged between 50 and 68, and it is home to the third highest percentage of baby boomers across the whole of the United Kingdom.
The term ‘Baby Boomer’ relates to the increased birth rate following World War Two and has been defined specifically as the generation born between 1946 and 1964.
As the last of the Baby Boomer generation turned 50 at the end of 2014, Aegon marked the occasion with the publication of its Baby Boomer Hotspots Report, which used official population statistics from more than 400 local authorities to identify the areas of the country with the highest proportion of baby boomers.
There are 14 million baby boomers in the UK today accounting for almost 22 per cent of the United Kingdom’s population, while in the East Midlands alone there are 1.05 million baby boomers, accounting for 24.2 per cent of the population.
As part of the report, Aegon provides life expectancy figures for 65 year olds.
Across the top 20 ‘baby boomer hot spots’, those aged 65 today can expect to live another 20.5 years or to the age of 85.5, meaning many people will spend twenty years or more in retirement.
The average remaining life expectancy in East Lindsey is slightly lower, at 19.3 years.