Saturday, May 3, 2014

Retirement Age Mess

There you go! Pension age to go to 70 by 2035....its official. But, hang on, the baby boomer bubble will just about be over by 2050. Why, because they will be dead! So altering the age won't make any difference to the budget "emergency" we are supposed to be suffering right now. By 2035 I'll be in my late 80's, if still around. The older children of baby boomers will be in their mid 60's. Sorry kids, you will need to keep working until you are at least 70 (just like you're dad will anyway). You guessed it. You've been Abbotted!

http://www.canberratimes.com.au/federal-politics/political-news/retirement-age-rise-to-70-by-2035-joe-hockey-announces-20140502-zr318.html