UK Retirement Age May Rise to 70 by 2040 to Avoid Financial Collapse

As the population ages and pension costs soar, experts debate the sustainability of the current system and the impact on workers.

A think tank warns that the UK's retirement age must rise to 70 by 2040 to avoid financial collapse due to an ageing population and the cost of the triple lock pension.
Critics argue that raising the retirement age could deepen social inequality and ignore the health realities of older workers.
The International Longevity Centre suggests that without raising the retirement age, the ratio of workers to retirees will significantly worsen, putting immense pressure on public finances.
Experts call for a reevaluation of the state pension system, with some suggesting a shift towards workplace pensions and a reduction in state dependency.
The debate over the retirement age reflects broader concerns about work-life balance, health inequalities, and the sustainability of pension systems.