The Mudcat Café TM
Thread #153074   Message #3582495
Posted By: Kampervan
08-Dec-13 - 02:28 AM
Thread Name: BS: Retirement age to move to 70 in the UK
Subject: BS: Retirement age to move to 70 in the UK
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?