With longer, richer and healthier lives, the people who celebrate their own platinum anniversary alongside Queen Elizabeth II by turning 70 this year have enjoyed great statistical good fortune.
The Institute for Fiscal Studies looked at how the lives of UK residents who are now 70 have turned out, to shed light on the social and economic changes that have taken place during the queen’s reign.
Of those born in 1952, 76 per cent of men and 84 per cent of women are still alive, making it to the age of 70, compared with just 34 per cent of men and 45 per cent of women who were born in 1882 and made it to their 70th birthday in 1952.
The platinum jubilee generation turning 70 now can typically expect to live until 86 if they are a man and 88 if they are a woman. Of the jubilee generation alive today, just over one in 40 men and just under one in 20 women are expected to still be alive in 2052.
Those born in 1952 have, on average, been better off during their lives than their fellow citizens, having seen substantial income growth and house price booms over their lifetime, the IFS said.
This generation benefited from the strong growth in earnings in the 1980s and 1990s in particular, and from the increasing generosity of the state pension in more recent years, according to the think tank.
When they were 25, at the time of the silver jubilee, their average incomes were £12,500 (in 2020-21 prices), compared with an average of £10,700 for the whole of the UK.
Their income peak came after the golden jubilee when, in 2005, they had average incomes of £27,800, £5,700 higher than the UK average.
They now have typical incomes of £26,400 per year, £1,500 more than the average.
More than four-fifths of the “platinum jubilee generation” are homeowners and around one in seven have a second home, according to a think tank.
In 1952, the average property price was £2,000 (around £40,000 in today’s prices), rising to £13,000 by 1977 (around £64,000 in today’s prices).
The average house price now is around £260,000.
But not all are well off and 18 per cent were in relative income poverty before the coronavirus pandemic, although this is lower than national average of 22 per cent.
In 1977, the silver jubilee year, those over state pension age were more than twice as likely to be poor than those under state pension age.
About 15 per cent have a degree or equivalent higher education, a proportion which is much lower than younger generations.
Around three-quarters are married, 10 per cent are widowed and 11 per cent are divorced or separated from a partner.
Longevity is the key
“The platinum jubilee generation, those born as the queen came to the throne, have seen huge changes over their lives,” said David Sturrock, senior research economist at IFS. “Life expectancy at age 70 has risen by six years between 1952 and today. Incomes and house prices have grown dramatically, making this generation the richest to date.
“These changes reflect some of the big economic and social shifts that have happened in the UK since the 1950s.
“Younger generations are much less likely to be homeowners and face a future in which we aim to rapidly reduce the environmental impact of our economy while providing for an ageing population.”
2024%20Dubai%20Marathon%20Results
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UAE currency: the story behind the money in your pockets
Tailors and retailers miss out on back-to-school rush
Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”
A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.
“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”
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SCORES
Multiply Titans 81-2 in 12.1 overs
(Tony de Zorzi, 34)
bt Auckland Aces 80 all out in 16 overs
(Shawn von Borg 4-15, Alfred Mothoa 2-11, Tshepo Moreki 2-16).
THE BIG THREE
NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m
ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m
RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m
CRICKET%20WORLD%20CUP%20LEAGUE%202
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The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
if you go
The flights
Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning.
The trains
Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.
The hotels
Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.
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Brief scoreline:
Manchester United 0
Manchester City 2
Bernardo Silva 54', Sane 66'
Fines for littering
In Dubai:
Dh200 for littering or spitting in the Dubai Metro
Dh500 for throwing cigarette butts or chewing gum on the floor, or littering from a vehicle.
Dh1,000 for littering on a beach, spitting in public places, throwing a cigarette butt from a vehicle
In Sharjah and other emirates
Dh500 for littering - including cigarette butts and chewing gum - in public places and beaches in Sharjah
Dh2,000 for littering in Sharjah deserts
Dh500 for littering from a vehicle in Ras Al Khaimah
Dh1,000 for littering from a car in Abu Dhabi
Dh1,000 to Dh100,000 for dumping waste in residential or public areas in Al Ain
Dh10,000 for littering at Ajman's beaches