Thursday, March 04, 2010

You're living too long and costing too much money

The Economist is reporting that, throughout the industrialized world, pension benefits are reaching unsupportable levels because retirement ages haven't kept pace with our improving longevity. In the U.S., our retirements are typically twice as long as those folks retiring 40 years ago.

Not only that, but we're going to have to look like Larry Bird.

Former Boston Celtics player Larry Bird, center, smiles after receiving an honorary degree from Boston University during graduation proceedings, Sunday, May 17, 2009, in Boston.

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