Retirement age 'will rise to 85'

The BBC reports:

The age of retirement should be raised to 85 by 2050 because of trends in life expectancy, a US biologist has said.

Shripad Tuljapurkar of Stanford University says anti-ageing advances could raise life expectancy by a year each year over the next two decades.

That will put a strain on economies around the world if current retirement ages are maintained, he warned.

He also told a science meeting in St Louis that 50-year or 75-year mortgages may not be unusual in the future.

We are sure if Fannie Mae is still around they will be at the forefront of even longer mortgages.Maybe even 100 year mortgages.