Budgeting was easier when life was brutish and short

Is lifting the pension age to 70 feasible? For the Grattan Institute and Productivity Commission it’s the only way to avoid a perpetually sick federal budget.

It’s grimly amusing that when the age pension was introduced in Australia in 1908 the age of eligibility for men was set at one year ABOVE average male life expectancy of 64. Way to go Mr Deakin.

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