Denmark raises retirement age to 70 — the highest in Europe
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You guys are retiring?
I’m stashing cheap pistols around my house, so yes I’ve got a plan
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The channel Economics Explained actually covered Denmark on this weeks video essay. The impression that I got is that they really have their shit together, even these planned retirement age changes are expected to be gradual so people can plan for it.
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why are so many people ok with raising the retirement age? it's literally of zero benefit to anyone who isn't insanely wealthy enough to just quit working whenever they want. if they ever worked in the first place
We are heading into a period with severe labor shortages as the elderly retire. Who will take care of the elderly? Who will handle be their doctors/nurses? This is not a problem that can be solved with money unfortunately. You need to either relax migration rules so foreigners take these jobs (very unpopular atm) or increase the retirement age.
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Part of it makes sense. We live longer and longer, retirement age is something that needs to be adjusted with the human lifespan.
The problem is that our idea of what "work" should be is so awful that people look forward to retiring, and logically complain if they are denied the opportunity.
Ah, yes, the old argument of "you live longer, so the billionaires get to own more of your time".
No. How about if I get to live longer, I get to enjoy my tiny little bit of time longer? It isn't scarcity by nature - it's scarcity by design.
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Congrats on retirement! What are you planning on doing with your newfound freedom?
Well I was going to go out west for a month but I don't feel it is worth the hassle of putting up with the possibility of dealing with ICE. While I am a pale white old fucker my wife is not.
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This is America, work a different job.
I guess I will go back to part time in 6 months.
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.
The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.
The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.
Work all your life to feed the pyramid pension scheme and when you finally retire, you're too old to do anything meaningful with your life.
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Seems like they oughta tax the rich higher, not make the poorer work till they collapse
Yes,
But also, perhaps superannuation being (at least here in NZ) not means tested and larger than all other welfare combined implies there is a problem.
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Most Europeans have a poor understanding of what the USA looks like as well... Turns out that most people have no idea what most of the rest of the world looks like! This could even mean inside of their own country! The USA is quite large and very much varied.
For the topic of this thread in particular I see a lack of knowledge that the average lifespan in the US is a full four years shorter than in other comparable countries.
https://www.healthsystemtracker.org/chart-collection/u-s-life-expectancy-compare-countries/
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I think the average lifespan in America is 67.
People would be truly working until death, there.
Try 78: https://www.cdc.gov/nchs/fastats/life-expectancy.htm
Obviously not everyone reaches that. Even if you set the retirement age at 50, some people would die first.
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.
The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.
The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.
I don't think the shithead oligarchs who barely work a week outta the year should get to tell the working class how long they are forced to work.
And where do you expect them to work? No one is going to hire a 70 year old! (Except the US, bonus if they're a rapist and felon)
This is getting ridiculous...
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For the topic of this thread in particular I see a lack of knowledge that the average lifespan in the US is a full four years shorter than in other comparable countries.
https://www.healthsystemtracker.org/chart-collection/u-s-life-expectancy-compare-countries/
wrote on last edited by [email protected]The USA is also significantly bigger than every single one of those "comparable" countries. Actually bigger (population, size, really just about any size metric possible) than all of them combined. It's a bit disingenuous to clump all of the USA together. Which fuels and proves my point about outsiders not understanding the USA.
The range in "comparable" countries is also about 4 years... Why do you think that is? I mean the countries are basically right next to each other like states are here... yet for some reason despite sharing a border Switzerland and Germany have a 4.1 year difference in male life expectancy.
I'm willing to bet money that different parts of the US, possibly even on a state by state or even region by region location would have wildly varying life expectancy than is being insinuated with a single monolithic number for "the USA"... Just like the EU countries listed here...
https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_life_expectancy
Turns out that is wildly true... The top 30 states all compete with the numbers given and fall within the ranges between Germany and Switzerland given in the charts in your link.
Edit:
If you drill down to counties.... which is at the very bottom of the wiki article. You can see even more disparity. And the only reason I bring this up is that some counties in the USA are bigger than entire as countries in the EU. https://www.worldatlas.com/articles/largest-counties-in-the-united-states-by-total-area.html
There is issues with getting infrastructure EVERYWHERE when the country is just so damn big and sparse.
Edit2: I should clarify that I don't doubt that the EU overall is better off... Mostly because being fat is a huge problem in the USA that is much less prevalent than the EU overall. But just clumping shit willy nilly is exactly what I was referencing... Mississippi vs California is a world of difference.
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.
The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.
The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.
I have very little confidence I'll get a retirement. Even though I'm contributing to the Canada Pension Plan, I'm so far away that by the time I get there I have serious doubts the program will still exist. There is obviously calculations they make to determine the health of the fund, but I don't think they are properly taking into account how much extra strain extended life expectancies will take on the program. If they plan for people to be on retirement for an average of 15 years, and suddenly that changes to 20 or 25 years, that fund will dry up quick. Combine that with the influx of boomer retirees and to me it doesn't look so good.
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We live longer and longer, retirement age is something that needs to be adjusted with the human lifespan.
I think it has more to do with the baby boom right after 1945. If those older people retire, there isn't enough younger generation to support them, so more people need to work longer, so we don't get too many retired people all at once.
I think it's more of a "can we support the retired" kind of issue - not just "muh money". It's a little more nuanced than that.
If that were the case, they'd be increasing the retirement age for everyone, not just people under 55.
If they're short on funds for the people about to retire, it means those people haven't contributed enough to fund their own retirement.
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Well I was going to go out west for a month but I don't feel it is worth the hassle of putting up with the possibility of dealing with ICE. While I am a pale white old fucker my wife is not.
Yup, I get it. We're in LA and a bunch of our friends and neighbors are afraid to go out. It's such a stupid situation.
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.
The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.
The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.
Why do only the "later" generations get shafted though?
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I have very little confidence I'll get a retirement. Even though I'm contributing to the Canada Pension Plan, I'm so far away that by the time I get there I have serious doubts the program will still exist. There is obviously calculations they make to determine the health of the fund, but I don't think they are properly taking into account how much extra strain extended life expectancies will take on the program. If they plan for people to be on retirement for an average of 15 years, and suddenly that changes to 20 or 25 years, that fund will dry up quick. Combine that with the influx of boomer retirees and to me it doesn't look so good.
We never know there could be a huge mega virus or giant mass cult death or something look on the bright side /s
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.
The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.
The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.
Wtf Denmark
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Why do only the "later" generations get shafted though?
Cod e the people passing the law are probably in the earlier generations... They don't want to fuck themselves over
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.
The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.
The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.
It doesnt apply to politicians though....
