As predicted, with European and American economies in somewhat of a state of disaster, retirement ages are already beginning to be hiked upwards. French people are protesting that their retirement ages have been hiked from 60 to 62, and the one thing you can be guaranteed of is in 20 years’ time, their retirement age is not going to be anywhere near 62, its going to be much older.

The bottom line is that all of these countries have been giving too many benefits to their people and spending money they did not have and they are now going to have find a way to decrease benefits while raising taxes – hardly an easy way to make yourself popular as a politician!