Thursday, March 09, 2006
75 year mortgages!
Hope you really like your job...
Reported by the B.B.C. is this:
"Retirement age 'will rise to 85'"
"He also told a science meeting in St Louis that 50-year or 75-year mortgages might not be unusual in the future."
"Dr Tuljapurkar was speaking at the American Association for the Advancement of Science annual meeting in the Missouri city."
"People are going to do things they didn't get round to in their working lives. Current institutions are really not equipped at the moment to deal with such long lives," he said."
"We are going to have to plan a lot more carefully, which people are not very good at."
