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A report out today by the Centre for Social Justice says Britain can no longer afford the current plan to raise the pension age to 67 in 2028 then 68 by 2046, so it must be speeded up.The state pension age is set to rise to 75 over the next 16 years — based on a plan by new PM Boris Johnson ’s favourite think tank.https://www.mirror.co.uk/news/politics/t...e-18953679
Learn Change and Adapt ?????
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Makes you glad to be a Landlord can you imagine working till 75 if you dont wish too
I would consider being a landlord work.
Maybe not full time work, but it is still your time and labour.
I feel so sorry for my children's generation. Our generation has stolen their futures.
High house prices, student loans, zero-hour minimum wage contracts, etc, etc.
I know my two will be ok due to inherited wealth, but what about the others who aren't so fortunate?
No wonder they are so angry.
The govt has wisely invested in two recent wars in Iraq and Afghanistan.
They have created trillions of pounds on a computer screen to pay for it.
I think you should be more optimistic - just like Boris Johnson is.
Too, too funny Peter!
" High house prices, student loans, zero-hour minimum wage contracts, etc, etc. "That's big businesses, banks and Govt. that have done all that....
Have you factored your possible care fees into your childrens' inherited wealth?
Yes - just don't ask how online!
Some 90% of care home residents are over age 75 - a cohort of 3.7 million people with only 522,000 in care - so only 1 in 7 chance of being in care. See Bupa Care Home survey.
Also if a surviving spouse remains resident in family home that asset is ignored in the financial assessment - though other assets/savings/investments would need to be used to fund care fees.
Long Long ago when I worked in Finacal Services I attened a course in a flash hotel for two weeks in Stevanage 1988
The course went into detail where we would be in 30 years time
They forcast a lot of the problems and issues that the UK would face with an ageing population
of course at that time women retired at 60 and men at 65
They forcast the major problems the NHS would have and the cost of care in very old age
Of Course the LIfe Insurance Co saw the opportunity and thats why we were there
The Old Company Pensions would go within 10 years and the new Personal pension was to fill the gap
Private Heath Insurance would also have a part to play
30 years on I see the results Today that were forecast in 1988
The plans of the Insurance co have not worked most folk have little in pensions and Heath Insurance has not taken off
I am 61 my sister is 72 I believe our generation saw the very best times were not always easy but we had a future and a pension to look forward to
Your so right we have cocked this up for the young 75 will become the norm
I know from the friendships I have ?Men die around the age of 75 ish in the UK
so Most will ether not enjoy a pension or if they are lucky they may have it for a short time
In the North its worse than the south Men die young
I feel so sorry for the youth we have not done them any favors we had it all and they will have little