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Denmark to raise retirement age to 70

telegraph.co.uk

331–340 of 1001 posts

Re: Denmark to raise retirement age to 70

#331
post #9

This is because of their low birth rate primarily right? I think the system has failed at this point, when you are expected to work that long.

Maybe the system needs a rethink; an expectation that everyone able to will pretty much work their whole lives, but making work much less miserable and time-consuming so that's just fine. Ha. Total pipedream. It is easier to imagine the end of the world than to imagine the end of our current economic system.

What system would work?

Re: Denmark to raise retirement age to 70

#332

Earlier quoted context omitted.

What are some examples of sensible immigration policies? How does the US compare / contrast?

US has highest immigration #s of any country. Canada is close in some respects.

The USA has the highest total number of immigrants but many other countries are higher on a percentage basis.

https://worldpopulationreview.com/country-rankings/immigrati...

Re: Denmark to raise retirement age to 70

#334

Earlier quoted context omitted.

You can have the best working conditions in the world, it still sucks to have to work if you don't want to.

Well yeah but then your problem is the fact you have to work at all. I doubt any modern societies have solved the issue of needing people to work.

I get it but then we should be moving towards less mandatory work, not a 70 years old retirement age.

Re: Denmark to raise retirement age to 70

#335

Denmark, 6 million wealthy people, 4% economic growth, 1.5% inflation, 2.9% unemployment, national debt of 25% of GDP and budget in surplus. How did it all go so right?

If they're raising the retirement age, then it obviously didn't all go so right,

Re: Denmark to raise retirement age to 70

#336
post #4

I’m not sure how I feel about this. I’m based in the Nordics and my estimated retirement age at the moment (where I can get my state pension) is 67y 4m. Whilst I understand the burden the aging population is having on society (lifespan) it doesn’t seem like there’s much proactive government input into people’s healthspan. Maybe instead we should try investing in this area (reducing the burden on services) instead of…

Building on that, instead of viewing retirement (age) from a cost perspective (i.e. we have x budget and y lifespan, hence retirement age is z), it would be refreshing to see a high-quality and long retirement as starting point, and then figure out how to organize for that. One way would be to reduce burden on services indeed. A low retirement age (for those who want it) is a sign of a wealthy nation and something to strive for.

Re: Denmark to raise retirement age to 70

#337

Earlier quoted context omitted.

No. It is about how the system is funded. If pensions were funded by actual retirement accounts, where employees invested money into some state fund and have it paid out for retirement this would be entirely unproblematic. But the pension system in many EU countries is set up in a way in which tax contributions now finance pensions now . This can only work with a steadily growing economy which continually generates m…

No, fundamentally it doesn't really matter. Retired people consume but don't produce. They are fed by the economy of today, not by economy of the past. Whatever you accumulate for retirement (cash, stocks, gold, state pension points) it only represents coupons for your share of the economy of the future. Details may differ but fundamentals are the same: it a promise that the future generation will share some of their…

Retirement migration will be common in the future, either to lower-cost parts of the country or to different countries altogether. It's happening right now with Spain or Florida, but it will get even more common.

Re: Denmark to raise retirement age to 70

#338

Earlier quoted context omitted.

What are some examples of sensible immigration policies? How does the US compare / contrast?

US has highest immigration #s of any country. Canada is close in some respects.

Can you elaborate on your comment?

What makes Canada's immigration policy sensible in your mind?

Re: Denmark to raise retirement age to 70

#339

Denmark, 6 million wealthy people, 4% economic growth, 1.5% inflation, 2.9% unemployment, national debt of 25% of GDP and budget in surplus. How did it all go so right?

And yet they all have to work like idiots until they're 70, whether they like it or not. I feel they could do better than that with all this wealth.

People are living longer. Demographically there are fewer younger people to support them. Something has to give.

Re: Denmark to raise retirement age to 70

#340

Earlier quoted context omitted.

What are some examples of sensible immigration policies? How does the US compare / contrast?

US has highest immigration #s of any country. Canada is close in some respects.

I'm guessing the type of immigration each country receives is very different.

e.g. some examples from this list (% immigrant population): - Qatar (76%) - Australia (30%) - Canada (23%) - Belgium (20%) - USA (15.2%) - Denmark (14.2%)

https://en.wikipedia.org/wiki/List_of_sovereign_states_by_im...

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