UK state pension age will soon need to rise to 71, say experts (www.theguardian.com)

submitted 7 months ago by CAVOK@lemmy.world to c/europe@feddit.de

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The way I see it there are three realistic choices a country can make.

Raise the pension age. Not very popular with the public as illustrated by protests everywhere this has been mentioned.
Increased migration. Not very popular with the public as seen by the rise of far right parties in both Europe and outside.
Lowered living standards. Not very popular because who wants to pay the same taxes but get less out of it?

This isn't a UK problem. It's the entire western world. And no, the populist idea of "just have more kids" doesn't solve it.

Any ideas?

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[-] gian@lemmy.grys.it 0 points 7 months ago

In the time span in which life expectancy rose from 75 to 85 years, productivity increased significantly. Granted, weekly working hours were reduced a bit, but there should be lots left to even lower the pension age.

I still think that you cannot lower the pension age while the life expectancy rose, there is no way a system like this will be ever balanced.

The risen productivity was not fully given back to the workers.

Not completely, I agree.

this post was submitted on 05 Feb 2024

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