Thursday, December 01, 2005

What's Old is New Again

Guardian Unlimited Money | Special_reports | Pension age could rise to 68: "The state retirement age could rise to 68 by 2050 under proposals outlined by the Pensions Commission today.

Delivering his long-awaited report on the reform of the UK pensions system, Lord Turner said the UK faced a choice: pensioners will get poorer, 'or we should expect a relentlessly means tested system; or public expenditure on pensions must rise as a percentage of national income; or the state pension age must rise'."

Pete's Points:

When I was younger we were told that the world was there for our taking, future opportunities unlimited and just waiting for us to take advantage of them. We were also told that with the development of technology we would be able to have a greater amount of free time and would be able to work less to produce more as labour saving devices took the stress out of the work place.

Hands up those who KNOW now that we were sold a pup?

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