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.
Denmark to raise retirement age to 70
331–340 of 1001 posts
Re: Denmark to raise retirement age to 70
#332Earlier 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.
https://worldpopulationreview.com/country-rankings/immigrati...
Re: Denmark to raise retirement age to 70
#333What's stopping people from just saving up money and stop working before 70?
Re: Denmark to raise retirement age to 70
#334Earlier 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.
Re: Denmark to raise retirement age to 70
#335Denmark, 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?
Re: Denmark to raise retirement age to 70
#336I’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…
Re: Denmark to raise retirement age to 70
#337Earlier 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…
Re: Denmark to raise retirement age to 70
#338Earlier 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.
What makes Canada's immigration policy sensible in your mind?
Re: Denmark to raise retirement age to 70
#339Denmark, 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.
Re: Denmark to raise retirement age to 70
#340Earlier 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.
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...