Reply to post: Re: If I hear a single pensioner...

PM resigns as Britain votes to leave EU

Alan Brown Silver badge

Re: If I hear a single pensioner...

"On second thoughts, will the country be able to afford to give me my pension at 65? Probably not."

I calculated in the mid 1980s that retirement pension age would need to rise to 75 by 2025 in order to account for the falling birthrate (most pensions are paid directly out of taxation). This applied across the western world. There simply wasn't anything in the system to pay pensions to Boomers unless they started dying off more quickly - this was compounded by their steadfast refusal through the 70s-80s to invest sufficiently for their retirement and that pattern hasn't changed.

10 years ago I revised it to 2020 and now I wouldn't be at all surprised to see it happen sooner and be set at a higher age.

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