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Pension savings will run out because people are living longer

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“No one should have to work longer than they want to,” he said. “But I do think it’s a bit crazy that our anchor idea for the right retirement age – 65 years old – originates from the time of the Ottoman Empire.” 

“What should the average retirement age be?” Fink wondered, emphasizing that nowadays people are regularly living past 90. Blackrock boss predicts global ‘retirement crisis’ — RT Business News

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