Peope are living and staying healthy for longer than they used to --> mostly impactful for middle/upper class and above. There is a correlation between life expectancy and job level/wealth: https://pmc.ncbi.nlm.nih.gov/articles/PMC7792745/ .
With retirement at 70, manual labours can already stop dreaming of taking a rest before dying.
> But the alternative is fiscal armageddon
Or possibly making a trade off on any number of other areas the government spends money on, or raising taxes.
No wait I forgot, either pushing the burden onto labor or Armageddon, no alternatives
Re:Denmark to raise retirement age to 70
by karmakurtisaani on Monday May 26, 2025 @02:54AM
(#44094713)
> Or possibly making a trade off on any number of other areas the government spends money on, or raising taxes.
A lot of heavy lifting was done here.
Yea, no shit. It’s called sarcasm.
Re:Denmark to raise retirement age to 70
by karmakurtisaani on Tuesday May 27, 2025 @09:03AM
(#44106572)
Oh. Well, carry on then.
People are living and staying healthy for longer than they used to, while the overall population is aging disproportionally due to low birth rates. If they hadn't raised the retirement age, they would have to raise taxes very significantly.
People should remember that retirement is about making sure the people who are too old to work can still live respectably. It's not an end-of-life vacation.
Of course, it's still going to be massively unpopular. But the alternative is fiscal armageddon.