Pensions Age to ..... 72 !?

Yes, especially now, when there are choices for career changes, even if there are difficultys...in the times I am speaking about there were very few, if at all career change opportunities' , and its those generations which are now making up a large nr of pensioners as well.

The problem is the willingness to work until age 72 is one thing, but getting hired at age 70 is another thing. And if this isn't enough there are certainly health matters to consider as well.

So the matter of pension age is far more than politics not knowing how to pay for the pension and just putting the age up and up. I would also expect the age not to be 72, but 75 in around 20 years time from now.

This has already happened.

PS pensions have been made less generous.

Ah sure look It wont matter at all in 30 years time when the first batches of people who had to rent all their lives get to retirement.

• No assets for nursing homes to put a lean on
• No property you can convert a bit to look after yourself(Wheelchair, handrails, etc)
• Probably less kids to help you out since you could just about afford rent

Its a real ticking time bomb with no creative solution's being brought forward by our leaders.

Yis will be paying for the green future most people coming up wont be able to afford a pension.

Was there not riots in France a couple years ago over a slight pension age increase a few years ago. Irish people sure like taking it up the bum hole here.

People shite on about life expectancy. I'd just go off the lifespan of my grandparents 81 and 83.

So I'd have just 10 years mind you about 6 totally crippled and in a chair like them. So 4 to 5ish in proper retirement.

Yea right lads!

It's a straight choice between tracing younger workers more or extend the pension age. Neither will be palatable but the OAP vote is strong

...its actually not really, we can still maintain our pensionable ages, and keep our economy moving, we just need to embrace things such as public debt, and reduce our reliance on private debt, in running our economies

hahaha, horsesh1t, we have to move on from this major fear of public debt, private debt has become the far bigger problem nowadays, as 08 showed us, yet again, graph supplied,

theres now sufficient evidence globally to support this, oh and as you can see, public debt actually had little or nothing to do with 08, it was all primarily private debt

I don't think you understand public debt or leprechaun economics works. Comparing anything to GDP in this country is going to give extremely misleading results. To use another simple metric - we have more public debt per capita than any other EU country. Every single man, woman and child owes €50,000. Given most of the population don't pay income tax, it works out at well over €100,000 per taxpayer. But given that the majority of income tax is paid by those earning over 50K, we are talking about every major income tax payer owing several hundred grand each.

It is all down to how we service this debt. Are you happy to slash 10 Billion from spending (what kind of public sector layoffs or paycuts would we be talking?)? Or raise 10 Billion in additional income tax (gonna have to lower the tax bands to make sure even minimum wage earners pay the 20%, while the marginal rate would kick in only a little above that, with probably a third band (50%) kicking on on those earning over 50K). Either one would cause massive social upheaval, destroy the economy and likely trigger another property crash (bringing all that private debt into doubt). Except, this time, we can't borrow to bail ourselves out again. Because, when interest rates rise - and they will - we will be paying 10-20 billion in interest alone - every single year. Hell, despite the past number of years being relatively zero or even negative interest, we are still paying more in interest (4 billion) than we do on justice today.

Oh, and one final thing - we are still borrowing. Not for capital investment or anything, just keeping the country afloat. So we already need to slash and burn spending just to stop borrowing.

This is akin to someone clocking up a credit card bill several times their annual salary. And they are still continuing to spend more than they earn.

It’s neither racist or narrow minded to control your borders, population and wellbeing of your taxpaying citizens as your priority.

People usually put up the same grainy screenshot of the bill that removed the old council by council water rates in the 1990s and replaced it by LGF funding.

Outdated, revoked legislation being rabbited by those that don't understand it to begin with.