The Times: Should the state pension age be raised above 70?

The government has a problem. Falling birth rates and longer lives are producing fewer taxpayers and more pensioners. Rescuing the public finances has an obvious solution – raise the State Pension Age. The problem is that may solve the government’s problem but would cause a major fall in the standard of living for the many who can’t work into their 70s. This is exactly the problem that the State Pension was originally introduced to solve. We need to think of different solutions to the problem.

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