Does Living Longer Mean Working Longer?
Rising lifespans may cause unexpected bureaucratic consequences like an increase in the age of retirement.
Chancellor George Osborne, the UK’s top economic and financial minister, has announced plans to automatically raise the country’s retirement age regularly to keep up with rising life expectancy rates. Osborne explained the move is meant to off-set the economic issues raised by the growing number of retirees collecting pensions at the relatively young age of 65.
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