BS: Retirement age to move to 70 in the UK

Subject: RE: BS: Retirement age to move to 70 in the UK
From: GUEST,musket
Date: 08 Dec 13 - 04:42 AM

Life expectancy varies. Public health indicators are used for healthcare planning and in The UK we have average life expectancy down to council ward level, or approx 2000 people.

The snag is, it varies a lot. A hell of a lot. In some cities you can get variations of 10 years less than a mile from each other.

Also, life expectancy has increased over the last couple of hundred years yet the generation at school today is not expected to live longer than their parents. Although smoking is down overall, it is becoming popular again with younger people, and that isn't the issue anyway.

The issue is fast food, processed food and seditary lifestyle. Although most people will say money is tight, convenience and junk food can always be bought. Television can always be watched. People can always find protection reasons for not kicking their kids outside to play.

A bit of a time bomb? No. Its here.   8 year old girls getting periods through being overweight. School uniforms in sizes considered big for adults even. 30 year olds presenting with ailments associated with pensioners.

I heard Osborne say the third of your life and I sat there open mouthed.   Then the phone rang. ...   A colleague had seen it too. Looks like The NHS not politicians are to deliver on this promise. Nothing new there then. .....

Subject: RE: BS: Retirement age to move to 70 in the UK
From: JohnInKansas
Date: 08 Dec 13 - 03:06 AM

Mortality, or life expectancy, is a sort of fuzzy concept, partly because people who talk about it never tell you whether they're taliking averages or medians - or something else.

The US Social Security System estimates as of 2011 showed that a child born in 2011 had an "expectancy" of living to 75.4 for men and 80.4 for women.

A person who was 65 years old in 2011 would have an "expectancy" of living until 82.2 for men or 84.9 for women.

A person who whas 70 years old in 2011 would have an "expectancy" of living until 83.7 for men or 86.1 for women.

It may be noted that life expectancy is somewhat lower in the US than in several other places.

Somewhat more detailed information is available from the Social Security websites, but a "quick reference" can be found at:

Life Expectancy Tables - Actuarial Life Tables

The longer you live, the older you're likely to be when you die. (Not quite as trivial a conclusion as it appears to be.)

The point most important to those who tout changing the retirement age is that those who die before they're old enough to receive benefits "don't matter."

John

Subject: BS: Retirement age to move to 70 in the UK
From: Kampervan
Date: 08 Dec 13 - 02:28 AM

So the retirement age in the UK is to be raised to 70 on the basis that we should spend approximately 2/3 of our adult lives working and 1/3 in retirement.
Assuming that adult life starts at 18 years old, then we will have to work for 52 years, then we can, on average look forward to 26 years of retirement.

So adding together 18 years growing up, 52 years working and 26 years enjoying the fruits of our labour, the government seems to think that, on average, we are going to be living to the age of 93.

Can this be true?