SEARCH

Entries in 100 (1)

Thursday
Dec302010

More and More Brits Living to 100

Photo Courtesy - Getty Images(LONDON) -- According to new British government statistics, roughly a sixth of the country's current population will live to see their 100th birthday.  While that's good news, it also raises the question of how to properly fund old age.

The numbers come from the government's state pension department. "For people like me the question is, if you thought you were going to live to 100, how would that change what you do now in terms of working and saving? And saving more has got to be part of the mix," says Steve Webb, the minister of state for pensions.

The bottom line is under the current economic climate, saving for those golden twilight years may be easier said than done.  

Copyright 2010 ABC News Radio







ABC News Radio