Thursday 10 March 2011

1648 - Pension tension

We'll all have to work till we're sixty-eight
And then our pensions will be rather small
Ironically, it's a result of great
Advances in healthcare and the peaceful
Decades we've lived through, meaning that we all
Live longer and cost more than in the past
The national wealth's no longer national
It never was, though we had all got used
To higher living standards. Now the cost
Cannot or will not be borne by the state
That wealth's privately owned, we cannot call
On it to live comfortably at last
When we retire. Read Lord Hutton's Report
And weep for dreams now lost beyond recall

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