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working longer and working in retirement

Posted: Tue Sep 02, 2003 9:02 am
by wanderer
note the ages... note also the central role of spiraling health care costs... even the french are starting to throw the towel in. :wink:

http://www.cleveland.com/business/plain ... 742340.xml

Posted: Tue Sep 02, 2003 3:15 pm
by MaiPenRai
As fast as the median age in many Euro countries is rising there's little doubt something has to give. Maybe lower pensions, maybe working until 70, maybe more generous immigration policies, but it's got to be something. They'll be to the point of a retiree picking which worker supports them before long.

It'll be interesting to watch them deal with it first as the US rolls into the same problem at a much slower rate.

Posted: Wed Sep 03, 2003 3:19 am
by Trex
From the article:
Among workers in their 40s and 50s, 13 percent have set aside nothing, the Employee Benefits Research Institute says.

There's a big chunk of those who say they "need to go back to work".

An unacceptable stat-

Trex