Autumn Statement 2013: Can you stand the idea of working until you're 70?

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George Osborne's new budget statement has shocked us into a career debate...

George Osborne Autumn statement 2013 - retirement age and careers - life news - handbagcom

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Great Britain has taken an audible gasp after Chancellor George Osborne announced his plans to raise the retirement age to 70 in his Autumn Statement today (5 December).

His plan - to save £400 million over the next 50 years - could see the retirement age rise to 70-years-old by 2050. That means anyone aged 30 would have to work until 69, while those younger than that will have to work for even longer.

Critics have slammed the move as a "work till you drop" scheme, while others have hailed it the end of retirements.

If you're screaming 'Why have they done this?' into your computer screen right now here's the basic gist. The official age HAS to rise because people are living longer...the Government still plan for the average person to spend a third of their adult life in retirement.

Check out what people have been saying...






But we think this news raises a different set of questions. Like will your career survive until you're 70 years old?

You might love your job now, but could you, realistically, do it until you're grey? Could now be the right time to find a stable and long-lasting career that won't react quite so unexpectedly to economic downfalls like teaching?

Job satisfaction is now more important than ever because it's going to, literally, dominate your life for the next 40-years. We know, it's horrifying.

We're a little less worried about the age of retirement and more worried about what we'll be doing in the mean time. We're not the only ones...





What do you think? Will retirement be wasted on the old? Tweet us @handbagcom #AutumnStatement.

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