Country could be looking at low growth and higher inflation for next 20 years
@nyan@lemmy.cafe
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Part of the issue with raising retirement age, though, is that you can only go so far before the majority of people are unfit to work. Things like osteoarthritis have a much larger effect on your ability to work than they do on your life expectancy. Plus, the burden of continuing to work disproportionately falls on poor people whose work is more physical—well-educated people with desk jobs usually earn more money, have somewhat better savings, and can thus afford to retire a few years before their government pension kicks in.

The other issue is that people who plan to retire at x year will fucking riot if it turn into y year. I’m one of them.

And many desk jobs don’t physically destroy your body like labour and trades do. On average a desk job will let you retire earlier and in better health.

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