'Death of early retirement'

Today's Daily Mail has the above headline on page 2. Apparently, in seventeen years time no-one will retire before the age of 65.
It's all due to pension changes, and the fact we're living longer.

So, what will happen if someone aged around 60 needs their partner (similar age) to care for them? If all their savings are tied up in pensions they'll need state-funded carers to help, because the partner won't be able to afford to give up work to do the caring.

I've mentioned before that the fundamental problem with pensions is that you need to save into them when you're young - under 25 if you want to draw them at 60-65! What we're seeing with the care / pension funding crisis is, in fact, a consequence of the various policies aimed at keeping younsters off the jobless registers - which also kept them out of work: things like keeping them at school to 18, 50% going to university, no dole for students, etc.

We need more people working, not lounging around supposedly studying for pointless degrees.