Can You Still Make It to 70?
Dorian Traill2023-03-03T00:01:41+10:00The British Government has decided to move the age pension to 70 for workers under 30 and Australia is facing the same dilemma. Treasurer Joe Hockey warns that the pension age in the country might be moved just the same; citing that pension in Australia has become unaffordable. Mr. Hockey argued that the move is necessary as life expectancy in the country has increased to 85 years old, and proponents are finding ways to gradually increase the pension age as health and welfare increase. Under the changes, the pension age will increase by 6 months every 2 years starting July [...]