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Ever notice how retirement age is rising at roughly 0.5/years/year ? That means, of course, that by the time someone in their 30s retires it will have moved aga
by candiodari 9y ago
Ever notice how retirement age is rising at roughly 0.5/years/year ? That means, of course, that by the time someone in their 30s retires it will have moved again.
So if politicians want to keep spending like they do now (assuming deficits do not matter and do not raise spending further due to interest), a 30 year old person will retire at age 104 at this rate.
- Aaargh20318 9y agoWhen they raised the retirement age in my country to 67 they also snuck in a provision linking it to the average life expectancy. So as life expectancy goes up, so does the retirement age. As I expect a cure for ageing to be available within the next couple of decades, this basically means no more pensions.