{"id":167624,"date":"2025-09-29T07:51:09","date_gmt":"2025-09-29T07:51:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/167624\/"},"modified":"2025-09-29T07:51:09","modified_gmt":"2025-09-29T07:51:09","slug":"economist-calls-for-retirement-age-to-be-increased-to-mid-70s","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/167624\/","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.newsbeep.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":167625,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,96,4176,758,755,756,757,128,50,4174,4175,759,56,54,55],"class_list":["post-167624","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-entertainment","tag-finance","tag-fun","tag-isle-of-man","tag-manx","tag-manx-news","tag-music","tag-news","tag-personal-finance","tag-personalfinance","tag-presenters","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/167624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=167624"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/167624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/167625"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=167624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=167624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=167624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}