Are there even companies that are looking actively for 65+ yo people? What kind of job are that and how many are there? I swear, we gonna lift the age up and up every decade before we gonna ask the rich to pay their fair share.
I'd like to give you an extra upvote for your username :-)
Don't know about 65+ but I'm 67 in a few weeks and only started my current job two and a half years ago. I think if you don't look or act like a doddery old git, and you have the qualities and outlook required, you're in with a chance. My role for instance is far better suited to a more 'mature' person. They've tried recruiting younger people but most of the ones they took on were not reliable or not up to the job! Some places like B&Q look to older people as they have a wealth of knowledge, Tesco etc. as older people can turn up at 0600 as opposed to others that turn the alarm off and go back to sleep because they've been on the piss until 0400. Obviously there will be exceptions to the rule, but just look at the number of older people staffing the supermarkets. Where I work and across our network of centres there are very few under 50.
It's pants. My daughter (22) will probably have to wait until past 71 at this rate. Some will never be able to stop working.
Are there even companies that are looking actively for 65+ yo people?
Maybe Walmart greeters? I don't think they expect people to actually get jobs at 70 years old. I think they expect them to have to cash out early, and then the government will steal a sizable chunk of the money they're owed.
Raising the age of retirement is just one of the couple of ways you can reach actuarial equilibrium. The other two are lowering the retirement benefits, or raising the contributions, by the participants or by the sponsor. Everyone of those methods os as useful as the others, but the last one requires taxing, this is why you never listen to politicians talking about how thats an alternative. Tax the rich as they should be, and this is a solved problem.
National insurance is supposed to be for our state pension but it's only paid on earned income. I have no idea but I wonder how much it would raise if it was paid on all income?
Why not force corporations to fill in the gaps? People used to have pensions from their jobs, but those got gobbled up by greedy executives. Surely we can capture some of that back to provide for millions of elderly people.
100% this. I'm 38 and I'm predicting a crisis where my generation haven't been cared for by their employers with regards to their pension, then the laws ensuring pension conts must be paid came in late into my career and were very small contribution defaults. Then with the high rent and property prices people are forgoing their pension savings to put into living or property early in life so they don't get the compound interest through from early years. I keep doing the sums on my pension and even though I'm now putting 25% in and have been for a few years, it's not like I'm destined to be rolling in it when I retire. Depending on the market (which I don't have faith in either) I'm likely to just be able to retire pretty old and live modestly.
Well. I think it was inevitable that the government Ponzi scheme collapsed. Like all such schemes, they only work when there's more people paying-in at the bottom than are extracting value at the top. Our demographics are showing that wasn't being sustained for quite a while now.
Government pensions are sold to us as a savings fund, but they just aren't. Pension funds in general are horribly misused. Nobody in our society can bear that money placed with them to be there for some future dates should be unused.
It’s worth getting a copy of the new book by Ingrid Robeyns extract here. To answer your point directly: surely making everyone “middle class” is a mechanism for dealing with inequality (and poverty).
The retirement age will have to rise to 71 for middle-aged workers across the UK, according to research into the impact of growing life expectancy and falling birthrates on the state pension.
“But if you bring preventable ill health into the equation, that would have to increase even more,” added Mayhew, who is also professor of statistics at Bayes Business School and has advised the government on rises to the state pension age multiple times as a senior civil servant and in his current roles.
Jonathan Cribb, associate director and head of retirement at the Institute for Fiscal Studies, said that while he did not disagree with a higher pension age, increasing it without addressing other cost-saving measures was not “realistic or equitable”.
He added: “It would disproportionately impact poorer individuals whose ill-health means they have shorter lives, and so who receive pensions for less time.”
The Intergenerational Foundation, an independent thinktank, agreed that the pension age had to rise, but questioned on whose shoulders that cost should fall.
“Increasing the state pension age would be a terrible policy – a really bad way of attempting to make people more productive,” he said.
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