New graduates will work to age 71

Updated
Graduates
Graduates

Chris Ison/PA Wire/Press Association Images

Reports today suggest that new graduates won't receive their state pension until the age of 71. The Guardian quotes research from Club Vita, which also shows that a child born today will have to wait until the age of 74 to draw their state pension.

However, they are missing the point: this was entirely to be expected, and constitutes no great hardship.

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