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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
In addition, Denmark has the highest top personal income tax rate in Europe in 2025, at 55.9%.
So I guess this is actually great news for everyone here that loves paying taxes, as now they get to do it even longer! Bummer all the people making a decent living off of these taxes (politicians) won't participate. Who could have seen that coming?
It doesnt apply to politicians though....
Why do only the "later" generations get shafted though?
Later generations have more time to prepare for retirement, rather than simply axing the benefits of the people that have already retired.
Cod e the people passing the law are probably in the earlier generations... They don't want to fuck themselves over
Wtf Denmark
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...
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.
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
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
trying to avoid solving the actual issue, of thier low birth rates.
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.
The regulation is such an insane patchwork, sometimes people can retire earlier than the normal retirement age, if they've been working for many years. And if you health is bad there are special programs for that. (Yes as in multiple!)
But clearly as you state, the system is made to benefit the rich more an more. The social democrats who are part of the government are no longer looking after the average Joe, but making things worse, and then they make special programs for propaganda purposes.
A lot of people have been convinced this is necessary, as life expectancy increases, disregarding increased automation and wealth in our society.
if you health is bad there are special programs for that.
Hate that, work until you're 70 and too old to enjoy retirement. Or work until you're so sick you can't and then you don't get to enjoy retirement.
A system designed to ensure you work until your labor has no value. Squeezing for everything you're worth
Because it's what the insanely wealthy want and that's the only thing that counts
Because poor pensioners dying would look bad politically.
Stems from low birth rate and an insanely large boomer group.
So this rise for Denmark does not kick in on people born before 1970, so it does not count for baby boomers or the oldest and usually wealthiest sub set of Gen X. Oh, also Danish politicians can still retire at 60 right?
This is fairly typical with these age rises, applies to everybody BUT the largest group who have caused all the problem by being the largest group and who often haven't paid their fair share in a lot of schemes as a lot of state pension schemes are a Ponzi scheme rather than an actual investment fund, including the Danes as its paid directly out of taxation.
This means all the poor fucks who will now retire later will still be paying for that largest ever group to retire at an earlier age.
What is particularly insidious with this type of change is that the private pension age has also been raised for people in the UK. This means even if you can afford to you cant take it as early as you once could. Absolutely done because they will be means testing the UK state pension at some point.
I generally think all politicians should be forced to retire from political work by at most 60yo.
"Raising and enforcing taxes on the rich" or "destroying the middle class, work them to death and make them cheer about it.". That's definitely a choice many countries are making right now.
and make them cheer about it
even in this very thread...
I am a teacher and I could not imagine staying in a classroom for another 7 years. I barely made it to 63. My retirement begins next week. I just hope 50k a year is enough. That was my goal and when I it it I said I am done.
in this thread: Americans who have absolutely no idea what society looks like in Denmark. Or anywhere outside of the US actually.
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/
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.
I think the average lifespan in America is 67.
People would be truly working until death, there.
79 in fact. Pretty low for a country that rich, but to find 69 you have to go to Africa or the poorest Latin or Asian countries.
I mean US retirement age is 67, so we're doing that already.
Heh. "67 SO FAR" -- homer
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.
We’ve reached a point where my retirement plan involves suicide. It’s cheaper and I don’t want to go through all the health issues my parents are. Go to any nursing home and look at all the people so drugged up they have no idea where they are. People are just miserable and don’t even comprehend what is happening. That’s not living. That’s being kept alive by your family cause they are selfish.
That's why you have euthanasia laws in some countries. It allows you to say goodbye with dignity while you are still sane. For example, if you get diagnosed with an aggressive and untreatable cancer, it allows you to say farewell to your loved ones before you become a husk of your former self simply waiting to die.
What spooks me is that most of the people currently living in these institutions likely would have had the exact same thoughts when they were younger.
The vast majority apparently fail to follow up. Will you? Will I?
Simple. They want more people to die before being able to claim retirement. Dead pensioners are free.
And then come the robots and AI, and there are no jobs anymore. Then they have a problem with too much unemployment.