A Stanford researcher is forecasting that the retirement age ‘will rise to 85’ by 2050 according to a BBC report. Guess who will be 82 in 2050? This doesn’t make me happy at all. All the more reason to live fast and die young.
In a bit more depressing news, he also expects 50 and 75 year mortgages to become common as people live these greatly extended lives. Of course if George W. Bush gets his way and HSA’s become more common, I suspect a great many folks won’t be enjoying those golden years.