How Much Time?

The shortfall in pensions continues to be an issue in the news. I see that the UK government is proposing to raise the retirement age from 65 to 67. I’m sure that some people might well think well, it’s only a couple more years… Maybe so, but data from the UK government’s own actuary department shows that one in five men and one in eight women who reach the age of 65 will die before they are 67. And that adds up to nearly a million people who will never be able to enjoy their retirement. A sobering thought, I feel.