We may all have to work till we're 80, says AIG top dog6/4/2012
Tell Dad to dust off his résumé. The CEO of insurance behemoth AIG says that, in the wake of the Euro debt crisis, the retirement age worldwide will have to rise to 70 or 80 due to increasing life expectancies. Robert Benmosche has said if the age were raised, it "would make pensions [and] medical services more affordable" and would "take that burden off of the youth." Greece's economy, for example, is unraveling, and one of the contributing factors is said to be its relatively young retirement age of 59.6. Maybe it's ironic, then, that Benmosche is using Greek wisdom against it by reminding people that modern industrial life is a marathon, not a sprint.
To what age do you plan on working?