"Trade union leaders have warned that raising it to 70 could mean that more than 20% of people - and almost one third of men - will die before they receive their occupational pensions.
Research has shown that one in six people in England and Wales died before they reached 65 and a further 7% died before the age of 70. "
This is the PLAN.
Hasn't the US already done something like that in our Social Security if you are born after a certain date???? I do believe I have read about it.
Just look at the actuary tables by race/enthnic background.
So what happens to the young people entering the job market when the older generation doesn't leave the work force? Unemployment will sky rocket. As for me.... I'm hoping to bail from the work force in my mid 50's.
Plan B is to marry someone that can support me with the lifestyle I'd like to become accustomed to. Plan A is more realistic.