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European governments must consider raising the retirement age in their countries to ease pressure on public finances and prevent the explosion of their pension systems, the European Commission has said.
Weak growth, ballooning national debts and higher unemployment ‘have made it harder’ for all systems to make good on pension promises, the Commission says in a document to be presented Wednesday.
‘Ensuring that the time spent in retirement does not continue to increase compared to time spent working would support adequacy and sustainability,’ says the ‘green paper’ on pension systems.
‘This means increasing the age at which one stops working and draws a pension,’ it says.
‘Prolonging working lives to reflect continuous gains in life expectancy over time would bring a double dividend: higher living standards and more sustainable pensions,’ the Commission says.
Originally posted by AndrewJay
It wont be long until people are working 80 hour work weeks until theyre 80 years old or drop over dead from all the stress and poor living conditions. This is the way the elite, who probably never had to work a day in their #ing life, want it to be. You are SLAVES ala United SLAVES of America.
There used to be a time when the man of the house could work and support a family of 4 on 1 income. Less than 40 hours a week at that. Today both parents must work, most of the time more than 40 hours a week, and still cant make ends meat. Whats worse is these people have no hope of EVER retiring.
College education or not it doesnt matter. Unless you went to college for 12 years or become extremely lucky and hit the power ball guess what? You fall into OUR category.
Keep letting them string that piece of meaty steak infront of you as you run the never ending treadmill that is life. One day you can be just like them... when you're both dead. The only difference is, ironically, they'll have cleaner hands.
Originally posted by bartholomeo
reply to post by Dermo
The government just want you to die before you retire so they don't have to give a single penny of what you already put into your social security for 50 years. That is very logical, and also very clever way of stealing money.
Originally posted by ProjectJimmy
Believe it or not, the government is not always out to get you, sometimes you can rely upon it to help. I know that there is a sentiment in the United States that reliance upon the government is weakness, but this is not a universally shared idea.