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Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 06/13/2012
As life expectancy continues to rise, a new report suggests that governments need to raise the age of retirement in order to keep up.
A new report from a Paris think-tank suggests countries around the world need to raise the retirement age as people continue to live longer.
The Organization for Economic Co-operation and Development says governments are going to run out of money if something doesn't change.
That's already happening in the U-S, where Social Security has started paying out more in benefits than it takes in.
In fact, the Congressional Budget Office is already talking about gradually boosting the retirement age to 70.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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