Retiring at 75? ⏳

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Imagine you're at primary school today,
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happily learning about ancient Egypt and
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times tables, only to find out that you
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won't get to retire until the year 2092.
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The Centre for Social Justice just
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dropped a bombshell new report, which
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said that children aged eight and under
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might have to work until they're 75.
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Why? Because the UK is heading off what
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experts call a demographic cliff edge.
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In 2024, our fertility rate hit a record
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low of 1.41. So, for context, to keep a
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population stable, you need 2.1. That's
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the number known as the replacement
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rate. In the 1970s, there were four
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workers for every one pensioner, but by
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next year, that number drops to three
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and a half. By the time that these kids
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who are currently at school grow up,
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it's projected to hit a point of just
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two workers for every retiree.

Retiring at 75? ⏳

City AM

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Retiring at 75? ⏳

City AM