To think increasing pension age isn’t going to add up?

I just think it’s really rubbish that only one generation ever got to “enjoy their retirement” (as they constantly remind us they are entitled to) from an age when they were fit and healthy.

Generations before were often very poor in retirement, or simply didn’t get to, and future generations seemingly won’t get to retire until we’re really quite old. And likely won’t get a state pension at all in many cases!

As someone in their 60s it's a real problem.

We tend to see the state pension age as the "natural" retirement age but it isn't - the jobs we set out to do in our 20s have transformed and not always to our liking, our tolerance of workplace crap has worn very thin, we don't have the stamina or physical fitness we need and we may not be a good team fit with our younger colleagues (for this read "we may find immature colleagues give us the rage").

The reality is we need to plan for slowing down or stopping work earlier (I'd say around 60), probably funded by savings/paid off mortgage/empty nest/private pension etc, knowing the state pension will top up our income in 10 years or so.

Good luck @Meadowfinch .i think they'd be lucky to have you!

UC/ job seekers is less money then the state pension.

I'm 61 and currently job hunting. I have two second interviews on Monday and have had several others.

I was made redundant during covid and found an appropriate exec job aged 57, which ended recently.

I think you just need to stick at it. There are skills shortages in a lot of industries so if you keep your skills current, you shouldn't have too much trouble. Also maintain your general fitness.

Although I might feel differently if I don't get either of the Monday jobs. 😀 Something will turn up eventually.

It'll probably end up being means tested rather than increasing the age. But they'll have to increase mandatory pension contributions, because otherwise there will be no incentive for anyone to save up and fund themselves in retirement.