State Pension Age to Increase

Discussion in 'Current Affairs, News and Analysis' started by TheresaMay, Jul 19, 2017.

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  1. Google it.
    78 for men and 82 for women.
    It depends where you live, the further North you go the quicker you die.
    My dad made 95 and was in good health till the last week, I aim to beat him.
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  2. I was told if I didn't have a heart attack in the first five years [after leaving] I'd live a long life,
    Not doing to bad I'm 75 now
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  3. That's going to depend on what the wife gets off the insurance, surely?
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  4. Encouraging theft costs less. Astounding.

    And people wonder why the country's in the fecking state it's in.
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  5. I seem to remember during a recent spat with someone on this site, he admitted to his father being a thief as well.
  6. If you make it to aged 60 (which we have) you can expect to live another 24 years in UK. Most European countries have the same time with some of the Med countries going on for 25 years. Belgium is 23 years but USA is also 24. Japan is the best with an expected life of 26 years after reaching 60.
  7. After a debauched life in the forces?
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  8. My Dad was 17 on the day the second world war broke out. He was serving on a merchant ship off New York on the very day. He transferred to the wavy navy then the regular one after the war until 1952.
    He then worked various places and retired at age 65. He made it to 92 despite the life growing up on Navy Cut and Players plain fags plus a liking for Navy Rum and Ballantines whisky (well, until his mid 80s at least).
    If you've made it to 75 looks like you have a good chance as the Public Health England reckons you can count on another 12 years after 75.
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  9. Thanks - but why Google when I have you being curt in your first sentence.
    But enlightening after.
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  10. Not a bad choice of whisky.
  11. Didn't mean to be curt.
    I cannot do links so put it like that instead.
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  12. That is basically it, really. The State Pension as designed was dreamed up in an age when most people didn't live to become what we think of as old; something got 'em before they got old. Most people died before or just after they hit the retirement age.

    Fast forwards to the present day. A year and a half ago, my dad died at the age of 84, having been suffering from prostate cancer for at least the last decade of his life, probably longer. Back when the welfare state began, he'd have had a few years on morphine then the cancer would've got him; even with the frankly shambolic NHS his lifespan with cancer was greatly extended.

    At some point the NHS will be dismantled and something on the lines of the French or the German healthcare system will replace it. This will still be free at the point of use for the very poor, still universal but it'll be better, less of a sacred cow and will cost a bit less. That's the good bit; the bad bit is that oldies will live even longer and society will have to find a way to cope with lots and lots of ancient folks about the place.

    We're going to have to work longer. We're going to have to get over the notion of retiring and not working, and instead go into a sort of a part-time working thing for much of the former retirement period. We simply cannot afford to do anything else.

    This, folks, is reality. I doubt I'll see a state pension until the far side of 70, and I'll likely still be working part-time even then, simply because the model we're working on now of the younger folks supporting the oldies simply isn't going to work, indeed cannot work unless there are only a tiny minority being supported. The plus side is that anti-dementia treatments are getting better and better, so more and more oldies will survive with their brains intact which ought to put the country into a sort of permanent Conservative government before long (especially if Labour carry on with their slow suicide plans).
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  13. It makes you wonder if they should have started lifting the retirement age earlier as soon as they saw how life expectancy was rising, and why they didn't if anyone did think about doing it.
  14. Even that's a stop-gap solution: with all the oldies hogging jobs, how are the young folk ever to earn enough to save for their own retirements?
  15. Let's take this one nice and slowly, for the benefit of the hard of thinking.

    Capitalist governments understand that taking a small skim of a lot of money gets you more than a big chunk of not very much. Socialist government don't, and Socialists in general tend to need to take their boots off to count to twenty.

    Over in the EU we have loads of Socialists, including some prize idiots who are suggesting putting a Tobin tax onto their stock markets. A Tobin tax, or transaction tax, sounds like a very good idea if you have the brains of a stunned herring but actually we know what happens when you try putting a Tobin tax on a stock market, because Sweden was daft enough to do just that. There the traders ran for their livelihoods, and didn't return when the tax was rescinded.

    So, Socialists over there, sensible people here. The traders will not flee London, they'll flock to it.
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