Canada's Conservative government said Thursday that it is raising the retirement age to 67 from 65 for pension benefits as the finance minister introduced a federal budget features the biggest cutbacks since the mid-1990s.I would be very surprised if the United States doesn't adopt similar measures very soon, regardless of who wins the election. I fully expect to be working up to the age of 70, assuming I make it that far. A long retirement isn't going to be in the offing for anyone except gubmint workers.
Jim Flaherty presented a budget that sees cuts of a total of $5.2 billion in annual federal spending, including scrapping the money-losing penny, in the government's first budget since the Conservative party won majority rule.
Friday, March 30, 2012
Meanwhile, in Canada
We see a glimpse into the future: