Baby boomers urged to keep working as 70 declared ‘the new 50’
- The International Monetary Fund states that retirement ages should be raised as today's 70-year-olds have the same cognitive function as 53-year-olds from 25 years ago, revealing significant health improvements.
- Research in 41 countries indicates that today's 70-year-olds have fitness levels comparable to 56-year-olds from 25 years ago, showing trends of improved physical health.
- The IMF warns that due to low birth rates and increasing longevity, global economic growth may decline by 1.1 percentage points annually, urging governments to reform pensions and early retirement benefits.
- Britain faces severe economic challenges, with a debt surpassing the size of its economy and a fertility rate at a record low, necessitating fiscal reforms to sustain living standards and public finances.
9 Articles
9 Articles
They say 60 is the new 40 - I took that to an extreme
It’s natural to become a little more cautious as we age, and yet the “silver travel boom” suggests that plenty of people are doing everything they can to seek out new experiences, rather than retreating to the fire with slippers and pipe. A report this week from the IMF declared “the seventies are the new fifties” and that those in older age are often far more mentally and physically active; a person who is 70 in 2022 had the same cognitive abil…
Back to work grandad - IMF says retire later
The International Monetary Fund (IMF) has ignited a global debate on the age of retirement, which could evolve into us all having to work until we are seventy or more. Their argument is that ’70 is the new 50’ due to improved health and cognitive abilities among older populations. In its report, ‘Rise of the Silver Economy’, the IMF highlights that people aged 70 in 2022 exhibit the same… Source
Baby boomers told to get back to work as IMF calls for pension age rise to boost economy: '70 is new 50!'
Baby boomers told to get back to work as IMF calls for pension age rise to boost economy: '70 is new 50!' - The International Monetary Fund (IMF) is calling on baby boomers to get back to work and postpone accessing their pension savings, declaring that "70s are the new 50s"
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