Millenials Ambushed: UK Will Try To Push Retirement To 69

The British government is planning to push the retirement age to 68, about 10 years earlier than expected, meaning most British workers under 50 will have to work longer than they planned. In a biannual economic update, the government announced the state pension age will be raised to 68 in the mid-2030s, and then to 69 in the mid 2040s. That would be one of the highest retirement ages in the world. Designed to tie retirement age to average life expectancy, the moves would save £500 million over 50 years, according to the government. The U.S. retirement age is set to hit 67 by 2050.