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Denmark to raise retirement age to 70

telegraph.co.uk

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Re: Denmark to raise retirement age to 70

#591

Post by ggregoire »

slyall wrote: post #589
amag wrote: post #409

This is truly sad. As a Swede I fear my country may follow suite. The retirement age in Sweden used to be 65 and now it's 67. Looking at older people around me, most lead a much less active life after 75. So, if we were lucky we used to have some 10 good years of doing whatever we wanted before old age and age-related diseases start affecting us so much we become limited to a much smaller world. But now we have maybe…

Well if you have enough money to do all that then you probably have enough to retire a little early. Why not stop working at 60 and fund the first few years of your retirement out of your savings?

From what I understand if you retire early you must fund your retirement until the end. So you either work until the requested age and get something, or you don't and don't get anything. You can't just stop at 60, fund your retirement from 60 to 70, and then expect the gov to pay for your retirement from 70 to the end. Maybe I'm wrong tho.

Re: Denmark to raise retirement age to 70

#592

Post by ajxs »

IndubitableCoil wrote: post #188
oldpersonintx2 wrote: post #136

Earlier quoted context omitted.

"Not retiring" in the US will be more dictated by inability to purchase a home than Social Security. Look at all these people around you in their forties who are still renting. They are basically too late to buy. They will be "forever renters". This means they will have to work until death, as their rents continue to rise when their peers who owned homes took their downsizing premium and lived off of it for a few yea…

I hear this sentiment frequently but it doesn't pencil out. Renting an equivalent unit will typically, month-to-month, be cheaper than buying. Of course a significant portion of the monthly mortgage payment goes to principal which increases your net worth, but there are many cases where the money you save monthly by renting will actually exceed the principal you accumulate from your mortgage payment. In fact, there a…

Where do I input the yearly growth of the property's value? Property prices where I live in Sydney have grown ~7% on average over the last ten years. That's higher than the average loan interest rate over the last ten years of ~4.5%. It's possible to find some other investment that earns more than ~7% profit, but in order to really be more profitable it would also need to cover the amount you spent in rent over that period.

Re: Denmark to raise retirement age to 70

#593

Post by braaaahp »

dralley wrote: post #491
toomuchtodo wrote: post #456

Earlier quoted context omitted.

Turns out retirement is just an illusion to convince you to give your best years for the system.

Humans need a constant supply of resources and shelter to survive. There is no "system" which avoids this inconvenient fact. In the absence of any "system" at all, you would still need to constantly work for survival - and in fact you'd just die as soon as you were no longer able to do so due to illness or injury much less old age. In other words if there were no "system" there would be no such concept as "retirement…

Sure. But given automation we need a lot less labor than 100 years ago.

Some studies suggest (sorry am mobile right now, don’t have links) in the US automation has been able produce the average persons essentials entirely since the 1950s.

But we still were taught growing up to put on the show of going to work. At great resource cost and ecological destruction now threatening everyone in deference to memes of long dead laborers and rich who would often be able to shoot anyone that didn’t work hard enough without repercussion.

We do not live in the 1900s or even 1800s.

And how much stuff? New 80” TVs and iPhones every year?

We’ve been conditioned by salesmen who also probably didn’t produce anything but emotional demand. Sure let’s keep living in the Newspeak of the rich media class, and ossified politicians; we’ve always been at war with line go down.

Your same old copy paste “don’t rock the boat” euphemism is thought ending nonsense. It’s capitulation not discovery of options.

Re: Denmark to raise retirement age to 70

#595

Post by galactus »

dralley wrote: post #491
toomuchtodo wrote: post #456

Earlier quoted context omitted.

Turns out retirement is just an illusion to convince you to give your best years for the system.

Humans need a constant supply of resources and shelter to survive. There is no "system" which avoids this inconvenient fact. In the absence of any "system" at all, you would still need to constantly work for survival - and in fact you'd just die as soon as you were no longer able to do so due to illness or injury much less old age. In other words if there were no "system" there would be no such concept as "retirement…

When you state that "European social safety nets are pretty damn generous" it seems to imply that someone else, rather than the Europeans themselves, is being generous and footing the bill.

Re: Denmark to raise retirement age to 70

#596

Post by tokai »

mistrial9 wrote: post #209
strange_aeons wrote: post #205

Earlier quoted context omitted.

Around 140k emigrated to USA in 1900-1930 ( https://danishvoices.ku.dk/danish-in-north-america/ ) Denmark’s population was 2.4m-3.5m in that period ( https://en.m.wikipedia.org/wiki/Demographics_of_Denmark )

my sources : "a History of the Lutheran Church in America", and a personal history written at that time. If your records are accurate and unbiased, I would accept that answer completely and admit it.. but I am not convinced both of those are true. It is interesting and more clarity is welcome. Also your estimate of the population varies by 40% so the accuracy is in question.

That's a horrible source. You really rather go with an old book about church history instead of official data?

Re: Denmark to raise retirement age to 70

#597

Post by const_cast »

pyuser583 wrote: post #537
const_cast wrote: post #416

Earlier quoted context omitted.

Bring in more young people via economic opportunity and immigration. Making kids easier to have really only has two real options: 1. Go back down the development timeline of a nation and remove rights from women (bad). 2. Implement more social programs to incentivize children. The reason we need to do 2 now and not in the past is we've developed. Women have rights now, and we need real reasons for them to have kids,…

Not having anyone to care for the old isn’t a reason?

Not for the young people, no. Besides, countries like the US have made elder care a cash cow. We don’t actually want young people to care for the old, because we can’t bleed them dry that way.

Re: Denmark to raise retirement age to 70

#598

Post by [deleted] »

dralley wrote: post #491
toomuchtodo wrote: post #456

Earlier quoted context omitted.

Turns out retirement is just an illusion to convince you to give your best years for the system.

Humans need a constant supply of resources and shelter to survive. There is no "system" which avoids this inconvenient fact. In the absence of any "system" at all, you would still need to constantly work for survival - and in fact you'd just die as soon as you were no longer able to do so due to illness or injury much less old age. In other words if there were no "system" there would be no such concept as "retirement…

[deleted]

Re: Denmark to raise retirement age to 70

#599

Post by stackedinserter »

cyberax wrote: post #366
neom wrote: post #311

Earlier quoted context omitted.

Do you have a sense of how you see it playing out?

It'll keep getting worse, as more and more people concentrate into large cities. And large cities are family-hostile. The birth rate in cities is strongly anti-correlated with the city size. People just don't feel content and happy to have children in dense cities. Japan is very illustrative in this regard. Young people are forced into unaffordable cities, where they often live in cramped shoebox-sized apartments. Wh…

Wait, but NotJustBikes keeps telling us that density is good.
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