A global recession is on the horizon - please read OP for mod warning

Out of curiosity, have you done the calculation on the amount the government would hold for you until you retire?

Do you think you would live with that?

The rest of Europe will have to up the age too, state pensions are a ticking time bomb, people have a lot of trouble accepting it. People are living longer its a simple fact and people will need to work longer to pay for it, you can retire whenever you want but you'll have to pour money into an AVC.

We will not have a 64 billion budget surplus at the end of this year. Fake news.

Its the same in pharma, absolutely crying out for staff and they just keep expanding and building more and more. I got 14% raise last Christmas plus my bonus and Im just a regular operator. The latest plan in our place is to start giving us raises every time we refer someone externally and they get hired, its pure desperation.

Well the place I work which is one of the biggest sites in the country just dropped the requirement for a science degree if you have manufacturing operations experience but any biotech or science qualification would do you, or just do a one year Springboard course.

69 billion USD of outflows from money market funds in a week, the highest since 2020.

I had down 40/45 years some people hit the work force after the junior cert.

So you must be in the know with regards to all of the HSE account info on how all of our nations 70+ year old individuals are with regards to their fitness and health (can you share your findings on this) no doubt your a member of the green party like Eamo who thinks the over 70s can bike it into city centers from rural Ireland sure its only 10/15k and if it rains ahh sure feck it they can use one had for an umbrella, if they have a friend sure they can give him/her an E.T if they have groceries to get ah sure they have two hands , umbrella in one and groceries in the other and they can free wheel home with the mate on the handle bars. The country is an absolute joke.

The fact is at 70 and you can research this my friend no matter how well you have lived your life your not at strong, fit, active, mobile or flexible as you were say 10 years previous even 5 years previous. No one should be working after 65 years of age if they have paid in 40 years + worth of contributions through our very high income tax rates they should be allowed to have some life where they are not a host working their balls off for a parasitic state that will just waste the money. The money the individual pays in should actually be set aside for the individuals retirement about 30/40% of it and the individual should be allowed have a few years where they may be able to actually enjoy life while they can before the onset of differing diagnosis that happen to our over 65s. All you have to do is research the age differentials and the upping in number of cases in each as medical advances allow people to live longer when it comes to diseases like cancer, dementia, alzheimers, just because they can live longer it does not mean their quality of life is amazing in fact in a lot of cases the people with the disease and those looking after them are praying for the end so they are out of pain but sure at least they will be at peace knowing that instead of having a few years to actually live without having to work their asses off they have paid into the black hole that is our finances

Whilst I agree the retirement age shouldn't have gone above 65 I do think people should have the choice to continue to work up till 70.

I'm looking forward to (early) retirement myself but not everyone hates working.

My old man loves it!

Where did I have a go at you. I had a go at what you may think and then blew your argument out of the water. If someone is 60 with 40 years of paying high income tax why should they not be able to retire on 30/40% of the cash they have paid in tax. I think its reasonable why should your hard earned money be spent on everything else like p1ss poor services that you have to pay again to access. The current way we spend our tax take in this country is plain stupid.

I'm hopeful that with the rise of AI whose development only seems to be increasing in pace recently. Will do away with most jobs and allow people to live lives of leisure rather that slaving away at some bullshit job until they are too old to do it anymore or simply drop dead in work.

For those who think this is fantasy Nvidia have forecast in eight years that with their technology, large language models or other AI models will be able to have a million times more computational ability available to them.

I saw one expert say that the 2020s will be considered the age of AI. I hope that is true because I no longer have faith in humanity to manage society any more.

I like the work of the author Ian M Banks sci-fi culture series where he envisages a society governed by hyperintelligent machines that are benevolent and look after people allowing them to follow their dreams.

In other words it ain't the silver bullet it's made out to be. Dont forget they need pensions too.

That's what I think ...but I'm aware I'm a natural pessimist most of the time...

What are you basing that opinion on....just a gut feeling or is it informed by anything?