However nowadays, that figure is much more likely to be 30, or even 40 years.
This is often cited as a reason for requiring people to work to a later age.
This essay will examine whether people should be allowed to continue working for as long as they want or whether they should be encouraged to retire at a particular stage.
There are several arguments for allowing older people to continue working as long as they are able.
Currently, in many countries, the age at which people stop paid work tends to be between 55 and 65.
In the past, with few people living beyond the age of 80, it was rare for anybody to enjoy more than 20 years of retirement.Advocates of this point of view claim that it is extremely expensive to support people for so long in retirement.Pensions are paid for partly by people in their working lives, but today pension schemes usually yield far less money than necessary because they were designed to maintain people for much shorter periods.Second, I believe that people aren't just valuable members of society when they are earning money.Retired people can contribute a great deal through sharing in family responsibilities such as child care, and also in the wider community, by doing voluntary work.It is hard to say what will happen when suddenly there will be an abundance of older people who are preparing to retire.The increase in life expectancy is partially to blame for the increase in elderly citizens, as there are now better medicines and medical procedures to cure ailments which could have easily killed a person 10 or 20 years ago.Mandatory retirement is a form of age discrimination, it forces a person to retire because they are a certain age; it does not take into account if that person wants to retire.It also does not take into account the financial standing of the individual, or if they are physically or mentally still capable of doing the job.First of all, older employees have an immense amount of knowledge and experience which can be lost to a business or organization if they are made to retire.A second point is that older employees are often extremely loyal employees and are more willing to implement company policies than younger less committed staff.