The economics of retirement

The economics of retirement

Sir; – It is extremely worrying that the Economic and Social Research Institute, together with the Citizens’ Assembly, should suggest extending the retirement age to 70. It is no surprise that the Minister for Social Protection agrees with the latest findings; politicians and their advisers appear especially ignorant of the enormous economic change wrought by advanced technology in the 21st century. Extending retirement age is about a wrong as it is possible to get. In 20 years, and possibly a lot sooner, people will retire in their fifties for the simple reason that unless they do, there will not […]

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