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Will retirement become a thing of the past?


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Hopefully people will work till they die, and the money taken by government for their pensions will be given to the banks.

 

Hopefully most people's savings will also go, along with their houses to pay for essentials. The poor who are old can look forward to having choices in winter, to eat or have some heat, and either way its a fast track to the crematorium, which is the point.

 

Banks rob people, that is what they do, and they get governments to do the dirty work for them, so the people can feel they have choices, in the fake democracy they believe in. So lets work everyone till they cannot go on anymore, and do us all favor and die, thus costing the nation nothing at all.

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...something enjoyed by our grandfathers and fathers in the golden years of the last century?

 

Both of my grandmothers and my mother retired in the last century so I don't think you're painting the full picture there. When were the golden years, anyway? The 1930s? There's more wealth now than there was then.

 

Makes you wonder why people ever retired in the first place doesn't it?

 

Not really. People retired because they could afford to after working for decades. That's what retirement is.

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As the retirement age creeps upwards is it fair to say it will soon become a thing of the past...something enjoyed by our grandfathers and fathers in the golden years of the last century?

There will not be a statutory retirement age, or a target retirement age, it will just be a case of working until you have saved enough to retire, or working until its certified by a doctor that physically you can no longer work and then the state will hopefully bear the burden of sustaining you until you die..no pension..just ensuring you have a roof over your bed and just enough food and water.

It almost seems crazy now to have assumed we would all be able to give up work at 65..how great would that be?!

 

60 years ago folks retired at 65 and died at 67 after 2 years retirement.

 

So now we are living to 87 retirement at 70 would give 17 years on a pension.

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It all depends on someone's health, 65 now a days is young to retire if your in good health, years ago people in their mid 60s looked 75-80, times have changed .

 

All this "60s is the new 50s" stuff is rubbish. Times haven't changed that much. People are living longer because we've developed medicines and surgery to prevent or cure some of the old causes of death or we've legislated to improve workplace health and safety so most people aren't doing jobs that are slowly killing them, not because our bodies have suddenly started aging at a slower rate than people 50 years ago.

 

We're getting good at delaying death but by 65 our bodies are still old and we feel it just as much as someone 50 years ago would have. There are always exceptions of course but that's all they are.

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