10/11/14 – Work Until You Drop (The Economist)

The share of the population aged over 65 in rich countries will rise from 15% in 2010 to 27% by 2050, while those aged over 80 will increase from 4% to 9%. While this trend is well known, countries are only just starting to grapple with the implications. Since 1970, the life expectancy of the average 65-year-old in the OECD, a club mostly of rich countries, has risen by four or five years, virtually all of which has been spent in retirement. The age at which governments start paying pensions is at last starting to edge higher, from 65 to 67 or 68.

Read the full article at The Economist.