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Anorak | Old Age Question

Old Age Question

by | 11th, October 2004

‘THE Telegraph is of the mind that pensions are the hot topic of the day and tomorrow’s report by the Government-sponsored Pensions Commission will make for explosive reading.

‘Surely, we’ve got to have a heart attack soon’

‘If we are not to face widespread poverty in old age,’ the paper writes in its editorial, ‘we have a choice: save an extra £57 billion a year between us…; work until 70; or raise taxes to pay for an enhanced state pension.’

But before this news can be dismissed as more Labour bashing by the Telegraph, the more left-leaning Times says it agrees with the conclusions.

Of course, both papers may be presenting an overly gloomy picture. There is one other alternative to being poor in your dotage and that is to die young.

However, given the impact of inheritance tax and the premium on burial space, this, at least to the press, makes dying an option not worth considering.

So what will it be? How will the massive pension shortfall be

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