{"id":459916,"date":"2025-09-29T08:04:13","date_gmt":"2025-09-29T08:04:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/459916\/"},"modified":"2025-09-29T08:04:13","modified_gmt":"2025-09-29T08:04:13","slug":"economist-calls-for-retirement-age-to-be-increased-to-mid-70s","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/459916\/","title":{"rendered":"Economist calls for retirement age to be increased to mid 70s"},"content":{"rendered":"<p>                <img decoding=\"async\" class=\"aiir-c-news-figure__image\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/230799-1.jpg\" alt=\"\"\/><br \/>\n                                    Picture credit: HSBC<\/p>\n<p class=\"aiir-c-news-article__abstract\">\n            HSBC&#8217;s James Pomeroy says current state pension age is &#8216;unsustainable&#8217;\n        <\/p>\n<p>The Island&#8217;s retirement age needs to be increased to 72 or 73 because the cost of the ageing population is unsustainable, according to an economist.<\/p>\n<p>James Pomeroy from HSBC says governments in the west, including the Isle of Man, have to make some tough decisions.<\/p>\n<p>Currently, the state pension age on the Isle of Man is between 65 and 68 depending on an individual&#8217;s year of birth.<\/p>\n<p>But Mr Pomeroy, who was on the Island recently to attend the government conference, says a smaller proportion of the population being of working age makes that a challenge:<\/p>\n<p>\n\u00a0\n<\/p>\n<p>Treasury Minister Alex Allinson will be speaking on this topic live on Manx Radio Breakfast after 8am today.<\/p>\n<p>                    More from Isle of Man News<\/p>\n","protected":false},"excerpt":{"rendered":"Picture credit: HSBC HSBC&#8217;s James Pomeroy says current state pension age is &#8216;unsustainable&#8217; The Island&#8217;s retirement age needs&hellip;\n","protected":false},"author":2,"featured_media":459917,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,77,474,9458,7910,28157,42452,269,12,2499,6226,16,15],"class_list":{"0":"post-459916","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-entertainment","10":"tag-finance","11":"tag-fun","12":"tag-isle-of-man","13":"tag-manx","14":"tag-manx-news","15":"tag-music","16":"tag-news","17":"tag-personal-finance","18":"tag-presenters","19":"tag-uk","20":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115286551867062688","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/459916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=459916"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/459916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/459917"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=459916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=459916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=459916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}