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Published by: Key Note Publications Ltd
Published: Nov. 1, 2007 - 141 Pages
Table of Contents
- 1. Introduction
- BACKGROUND
- METHODOLOGY
- DEFINITION
- 2. Strategic Overview
- DEMOGRAPHIC BACKGROUND
- Women in the Population
- Table 1: Women as a Percentage of the Total UK Population by Age Group, Mid-Years 1981,1991, 2001, 2005 and 2006
- Table 2: The Female Population in the UK by Age Group (million), Mid-Years 1981, 1991, 2001, 2005 and 2006
- Table 3: The UK Population by Sex and Age Group (million), Mid-Years 1981, 1991, 2001 and 2006
- Deaths
- Table 4: UK Death Rates by Sex and Age (per 1,000 in age group), 1981, 1991, 2001, 2005, 2011 and 2021
- WOMEN OVER 45 AND FAMILY
- Marital Status
- Table 5: Marital Status of Women in Great Britain (%), 2005
- Living Alone
- Table 6: People Living Alone by Sex and Age in the UK (%), 1986/1987 and 2005
- Lone Parents
- Table 7: Breakdown by Type of Household and Family in Great Britain (%), 1971, 1981, 1991, 2001 and 2006
- Table 8: Fertility Rates by Age of Mother at Childbirth in the UK (live births per 1,000 women, 000 and number), 1971, 1981, 1991, 2001 and 2005
- WOMEN OVER 45 AND EMPLOYMENT
- Overview
- Employment Rates
- Table 9: UK Employment Rates by Sex (%), 1971, 1981, 1991, 2001 and 2006
- Types of Employment
- Table 10: Economic Activity and Inactivity Status by Sex and Age (000), 2006
- Table 11: Employment Rates of People With and Without Dependent Children by Type of Work and Sex (%), 2006
- Work and Gender Difference
- Types of Work
- Table 12: Socio-Economic Classification Based on Own Current or Last Job by Sex and Age (%), 2005
- Part-Time Work
- Table 13: Reasons for Economic Inactivity Among Women by Age (%) 2006
- WOMEN OVER 45 AND MONEY
- Individual Income
- Table 14: Median Individual Total Income by Age and Sex (£ per week), 2004/2005
- The Pay Gap
- Table 15: The UK Pay Gap Between Men’s and Women’s Earnings (%), 2005
- Table 16: Median Gross Weekly Earnings by Sex, Occupation and Age (£), 2006
- Selected Forms of Wealth
- Table 17: UK Adults Holding Selected Forms of Wealth by Sex and Age (%), 2004/2005
- Working Beyond Retirement, and Pensions
- Income at Retirement
- Table 18: UK Pensioners’ Gross Average Weekly Income by Source (£), 2000/2001-2004/2005
- Pension Membership
- Table 19: Current Pension-Scheme Membership by Age and Sex (%), 2004/2005
- Table 20: Current Membership of an Employer’s Pension Scheme by Sex (%),1983, 1993 and 2005
- Trends in Work and Pensions
- Welfare to Work
- CONCLUSION
- 3. Women and Society
- PARTICIPATION IN THE COMMUNITY
- Volunteering
- Table 21: People Participating in Voluntary and Community Activities by Age (%), 2001, 2003 and 2005
- Home Care
- Table 22: Intensity of Home Help/Home Care in England (%), 1996-2006
- Table 23: Informal Care Received by Relationship to Care Provider (%), 2004/2005
- Care Homes
- GRANDPARENTS
- SOCIAL ATTITUDES
- Crime
- Table 24: Percentage of Men and Women in England and Wales with High Levels of Worry About Crimes by Type by Age, 2006/2007
- Anti-Social Behaviour
- Table 25: Percentage of Men and Women in England and Wales Perceiving High Levels of Anti-Social Behaviour in their Local Area by Age, 2006/2007
- Social Exclusion
- Women in Positions of Social Authority
- Table 26: UK Women’s Representation in Democratic Institutions (number and %), 2007
- CONCLUSION
- 4. Health, Beauty and Fitness
- HEALTH
- Illness
- Table 27: Self-Reported Illness by Sex and Age in Great Britain (per 1,000 population), 2005
- Life Expectancy
- Table 28: Life Expectancy, Healthy Life Expectancy and Disability-Free Life Expectancy at Birth by Sex (years), 1981 and 2002
- Attitudes Towards Health
- Table 29: Attitudes of Women Over 45 Towards Health (% of respondents), 2007
- Mortality
- Table 30: Mortality by Leading Cause and Sex (rate per million population), 1971, 1981, 1991, 2001 and 2005
- Cancer
- Table 31: 5-Year Survival Rates and Number of Cases — Major Cancers in England and Wales, and in England by Sex (% and number), 1996-1999 and 1998-2001
- Diet and Obesity
- Table 32: Body Mass Index of English Population by Sex and Age (%), 2005
- BEAUTY
- Anti-Aging
- Cosmeceuticals
- Cosmetic Surgery
- Spending on Beauty Products
- Table 33: Weekly Household Expenditure on Beauty Treatments and Products (£ and £m), 2005/2006
- FITNESS
- Participation in Physical Activity
- Table 34: Women’s Participation in the Top Ten Sports, Games and Physical Activities in England by Sex and Age (%), 2005/2006
- Attitudes Towards Physical Fitness
- Table 35: Attitudes Towards Exercise (% of respondents), 2007
- 5. Lifestyle and Leisure
- SPENDING TIME WITH THE FAMILY
- Table 36: Attitudes of Women Over 45 Towards Leisure Time (% of respondents), 2007
- EXPENDITURE ON RECREATION AND CULTURE
- Table 37: Average Weekly Household Expenditure on Recreational and Leisure Goods by Age of Household Reference Person (£), 2005/2006
- Leisure Activities
- Table 38: Average Weekly Household Expenditure on Recreational and Cultural Services by Age of Household Reference Person (£), 2005/2006
- ATTENDANCE AT ARTS EVENTS
- Table 39: Major Reasons for Attending an Arts Event by Age Group (%), 2005/2006
- NEWSPAPERS, BOOKS AND STATIONERY
- Table 40: Average Weekly Household Expenditure on Newspapers, Books and Stationery by Age of Household Reference Person (£), 2005/2006
- Table 41: Top Titles for Women’s Weekly Magazines in the UK by Average Circulation, 1st January-30th June 2007
- HOLIDAYS
- Table 42: Average Weekly Household Expenditure on Package Holidays by Age of Household Reference Person (£), 2005/2006
- RESTAURANTS AND HOTELS
- Table 43: Average Weekly Household Expenditure on Restaurants and Hotels by Age of Household Reference Person (£), 2005/2006
- 6. Marketing to the Older Woman
- OVERVIEW
- FINANCE
- LIFESTYLE
- FASHION
- BEAUTY
- TECHNOLOGY
- ENTERTAINMENT
- MARKET FORECASTS
- Low-Fat and Reduced-Sugar Foods
- Table 44: The Forecast Low-Fat and Reduced-Sugar Foods Market by Sector by Value at Current Prices (£m at rsp and %), Years Ending December 2007-2010
- Clothing Retailing
- Table 45: The Forecast Total UK Clothing Retailing Market by Sector by Value at Current Prices (£m at rsp), 2007-2011
- Cosmetics and Fragrances
- Table 46: The Forecast UK Cosmetics and Fragrances Market by Sector by Value at Current Prices (£m at rsp), 2007-2011
- 7. An International Perspective
- OVERVIEW
- EMPLOYMENT
- The EU
- The Global Market
- OTHER ISSUES
- Income in Later Life
- Social Exclusion and Poverty
- Age Discrimination
- Lifelong Learning
- 8. PEST Analysis
- POLITICAL FACTORS
- SOCIAL AND ECONOMIC FACTORS
- Overview
- Equity-Release Schemes
- Benefits
- TECHNOLOGICAL FACTORS
- Overview
- Internet Use
- 9. Consumer Dynamics
- INTRODUCTION
- HEALTH AND FITNESS
- Attitudes Towards Health
- Table 47: Attitudes of Women Over 45 Towards Health (% of respondents), 2007
- Attitudes Towards Physical Fitness
- Table 48: Attitudes of Women Over 45 Towards Exercise (% of respondents), 2007
- SPENDING TIME WITH THE FAMILY
- Table 49: Attitudes of Women Over 45 Towards Leisure Time (% of respondents), 2007
- FINANCIAL SITUATION
- Financial Security
- Pension Cover
- Table 50: Women Over 45 — Financial Security and Pension Cover (% of respondents), 2007
- PERSONAL SPENDING
- Spending on Family and Treating Oneself
- Table 51: Women Over 45 — Spending on Family and Treating Oneself (% of respondents), 2007
- BEREAVEMENT AND HEALTH PROBLEMS
- Bereavement
- Health Problems
- Table 52: Women Over 45 — Bereavement and Health Problems (% of respondents), 2007
- KEEPING IN TOUCH
- Taking an Interest in the World
- Going Out With Friends
- Table 53: Women Over 45 — Taking an Interest in the World and Going Out With Friends (% of respondents), 2007
- HOLIDAYS
- Taking More Holidays and Short Breaks
- Holidaying Abroad
- Table 54: Women Over 45 — Taking More Holidays and Short Breaks, and Holidaying Abroad (% of respondents), 2007
- APPEARANCE AND SHOPPING
- Appearance
- Shopping
- Table 55: Women Over 45 — Appearance and Shopping (% of respondents), 2007
- CONCLUSION
- 10. The Future
- FORECASTS
- Market Size
- Table 56: Household Expenditure by Age of Household Reference Person — UK Market Size and Forecast by Age Group (£bn), 2003/2004-2007/2008, 2011/2012 and 2020/2021
- Population
- Table 57: Forecast UK Population by Sex and Age (000), 2011 and 2021
- THE FUTURE FOR OLDER WOMEN
- Table 58: Historic and Projected Life Expectancy for Men and Women at Birth in the UK, 2001-2020
- 11. Consumer Confidence
- METHODOLOGY
- KEY FINDINGS THIS QUARTER
- THE WILLINGNESS TO BORROW
- Confidence Improves
- Table A: The Average Amount Consumers Are Willing to Borrow in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), February 2006-2007
- Willingness to Borrow Slips Slightly
- Table B: The Number of Adults Willing to Borrow in Order to Purchase Expensive Items (000 and %), February 2006-2007
- SPENDING FROM SAVINGS
- Slight Increase in Spending from Savings
- Table C: The Average Amount Consumers Are Willing to Spend from Savings in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), February 2006-2007
- Saving Grows in Relative Importance
- Table D: The Average Amounts Adults Are Confident Spending to Purchase Expensive Items (£ and %), February 2006-2007
- 12. Further Sources
- Associations
- Publications
- General Sources
- Government Sources
- Bisnode Sources
- Key Note Research
- The Key Note Range of Reports
AbstractAs at mid-2006, women aged over 45 made up 21.2% of the UK population. This percentage is forecast to grow to 22.6% by 2012, and to 23.9% by 2021. This section of the population is made up of women with very different experiences of life — the older groups with experience of post-war austerity and the younger groups with `baby-boomer' expectations of a comfortable and materially well-provided for, and long, life.
Financial expectations are different — the number of women in the 75-plus age bracket is 60.3% greater than that of men in this age group. Women have a much longer life expectancy than men, and many of them live alone on low incomes, largely dependent on the state pension. On the other hand, women in the 45 to 64 age groups have the highest average household expenditure of any age group currently in the UK.
Much of this income is self-generated: there are much higher levels of female employment in the UK now than there were a decade ago — and employment levels for part-time work, in particular, have soared. Many of these jobs have been taken up by older groups. However, women's median income is still much lower than men's, across all age groups, and many older women are still reliant on the income of a husband or partner for their lifestyle and level of affluence.
The Government is trying to encourage greater participation in the workplace by women — particularly in those areas traditionally associated with male employment and where there are skills shortages. The pay gap between men and women's earnings is still unacceptably wide and a large factor is women's occupational segregation into low-skilled, low-paid professions — so-called `female' roles.
The difficulties for older women in employment are not easy to unravel. Various factors, such as older motherhood, an increased need to be carers for aging parents, and young people living at home for longer, all make it more difficult and complicated for women to remain consistently in work and to build up their own pension provision. Pension membership among women has also increased over the past decade — for part-time workers, however, membership is still inadequate. Among women aged between 45 and 54, economic inactivity is still high — double that for men; the major reasons given for this among women are ill health but also the need to care for family and relatives. Key Note anticipates that, over the next decade, benefit reform will become a top agenda issue. The difficulties for people who want to work flexibly — for example, women carers, parents, and older people — will gain focus and lead to reforms, which will hopefully resolve the benefits/work conflicts and improve women's working and pension prospects.
Women's employment situation is, however, only one aspect of the overall picture of participation by older women in society. This report also highlights the fact that involvement in voluntary activities — either formal or informal volunteering — is actually increasing among older women (with a few exceptions). There is greater need for this as government care provision is becoming more targeted and more women are expected to care for elderly or sick relatives. The role of grandparents has also become more significant over the past few decades. Older women and men are more involved in looking after grandchildren while their parents work than were previous generations. So, while many older women are still not fully active in the workplace, their role in their community is still significant. Many working, and indeed non-working, women are also increasing their amount of caring or voluntary involvement, creating demands on themselves that previous generations did not perhaps experience.
Marketing to women over the age of 45 is, therefore, a complicated issue — since again, there is no `one group' to be precisely targeted. This report suggests that positive role models — perhaps using icons aged over 50 — could be a strong strategy, even for the financial-services industry. As equity-release schemes develop and more women look to their homes to supplement their income in old age, the need to target these women in positive and non-patronising ways is likely to gain currency. Within clothing retailing, for example, the use of older role models (most notably Twiggy by high-street retailer Marks and Spencer) has already proved highly successful. Unilever has also turned its attention to those aged over 45 — so-called `real women' — in its recent marketing of the Dove Pro Age range of skin, deodorant and haircare products. These trends are undoubtedly set to expand over the next decade as the current baby-boomer generation moves into retirement. The decade of the older woman — those aged over 50 and even over 60 — could soon be upon us.
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