No slack for serfs! Retirement age must rise - OECD

[Karmadillo]

http://finance.yahoo.com/news/retirement-age-must-rise-oecd-094300840.html

As life expectancy continues to rise, a new report suggests that governments need to raise the age of retirement in order to keep up.

The Organization for Economic Co-operation and Development said that by 2050, the average woman and man can expect to live roughly 24 and 20 years beyond retirement age respectively, up from 20 and 17 years in 2010. At the same time, retirement ages across many countries have stayed the same.

Without a change, the Paris-based economic think-tank said governments won't be able to pay for more people needing retirement funds for longer periods of time.

"Extending working lives in a situation of slowly growing or declining workforces should provide an important boost to economic growth in aging economies," according to the report, which was released Monday.

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[brentspeak]

1. European-based right-wing economic think tank

Same swill and agenda as Heritage, Cato, and the RW "think" tanks here.

[marmar]

2. Not to worry.....Austerity will make sure life expectancy goes back down.

nt

[RC]

3. Just because you manage to live beyond retirement age before being worked to death,

does not mean you are healthy enough to keep working.

Without a change, the Paris-based economic think-tank said governments won't be able to pay for more people needing retirement funds for longer periods of time.

Maybe they should pay better, so there would be more retirement funds, ya think? Does the CEO really need 450% or more of the pay of the workers on his corporation? Get real here. That disparity is the root of the problem in the first place.