In the News
State Pension Age of 68 is Brought Forward
20th July 2017
Faced with increasing longevity and the prospect of tens of billions of extra welfare spending in the years ahead, the British government has brought forward the date at which the state pension can be claimed. The pension age will rise to 68 between 2037 and 2039 affecting in particular people currently aged 39-47 years.
This blog article from Second Reading (House of Commons) looks at how the state pension is funded.
The state pension age has been brought forward. How are pensions funded? Read our quick explainer: https://t.co/vHrTCVdmAy
— Commons Library (@commonslibrary) July 19, 2017
Robert Peston questions the decision given news this week that average gains in longevity have been weakening since 2010.
Bit odd to accelerate raising of state pension age when we've just been told by scientists that we're no longer living longer
— Robert Peston (@Peston) July 19, 2017
Stan Collymore is not impressed!
State pension age now is 68.
— Stan Collymore (@StanCollymore) July 19, 2017
More working class people filling that big hole the bankers left.
A modern disgrace.
The Department for Work and Pensions has a graphic showing changing life expectancy
The government has proposed a new timetable of changes to State Pension age. Find out why https://t.co/yBuGftBMwn pic.twitter.com/YOTarCSLDf
— Department for Work and Pensions (@DWPgovuk) July 19, 2017
Health economist Dan Howdon reminds us of the significant regional variations in life expectancy in modern Britain. Poorer communities already suffer from much lower years of healthy life expectancy.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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