How do you want to retire?

The UK government changed the retirement age a few years ago. They bought in a sliding scale so that women cannot retire until they are 65 or above (it was 60), and men’s retirement age had gone up from 65 to I think 67?

What that does effects millions of women and men. I would have retired by now, I could have still worked, but it means I cannot get my state pension yet, even though I have been paying into all my working life. The result is that a lot of people will get less of an overall pension for what is left of their lives, and are more likely to die before they get it. That also means the government will get to keep more of it.

So? People were living longer until recently, but the age you die has actually reduced, especially with the drop in wages, and increases in poverty. Older people tend to struggle to pay bills or afford to heat their homes, and as they are more likely to have health issues their lives may be shortened.

One possibility though is that the governments decision might be overturned. The WASPI women (women born in the 1950’s who say they were not warned the retirement age was due to be raised), had a judicial review pending at the start of June. I haven’t heard the outcome, but maybe I can retire…. SOON.