Just thought i put this up -- UK
The state of pensions is in crisis given that the working population is currently 27mill and the whole population is 70 mill +
The burden on the working population is increasing as we live longer
the average life expectance 20 years ago was around 73 for men and 76 for women this is now increasing to say 76 and 80 respectively this is and extra 3 years for men and 4 for women - however its not just that the accumilation will be even higher -
the State system can now longer survice in its current state (hence the retirment age lift to 66-68) which is only a stop gap solution
in the UK we have over 50% now not reliant on the state pension scheme , but the hickup with this with the collaspe of company pension scheme has left 100,000 potential out of a pension-
the solution --- any ideas
I pause for your thoughts and policital views
The state of pensions is in crisis given that the working population is currently 27mill and the whole population is 70 mill +
The burden on the working population is increasing as we live longer
the average life expectance 20 years ago was around 73 for men and 76 for women this is now increasing to say 76 and 80 respectively this is and extra 3 years for men and 4 for women - however its not just that the accumilation will be even higher -
the State system can now longer survice in its current state (hence the retirment age lift to 66-68) which is only a stop gap solution
in the UK we have over 50% now not reliant on the state pension scheme , but the hickup with this with the collaspe of company pension scheme has left 100,000 potential out of a pension-
the solution --- any ideas
I pause for your thoughts and policital views