From 2040, Danish people born after 31 December 1970 will be eligible to retire at 70 years old.

cross-posted from: https://lemm.ee/post/64705366

Denmark is set to have the highest retirement age in Europe after its parliament adopted a law raising it to 70 by 2040.

The retirement age at 70 will apply to all people born after 31 December 1970.

  • @Obelix@feddit.orgEnglish
    5•1 day ago

    I’m not sure here. Current life expectancy here in Germany is 78 for men and 83 for women. You can start your work life at 16 after 10 years of school and will do a 2-3 year appenticeship and if you retire at 67 and work without any breaks, unemployment, children and so on, you have 51 years in the workforce. Most people will have fewer, might do additional schooling and start their work life after university sometimes in their mid-twenties.

    But even if we take those 51 years: A women will spend 16 + (83-67) = 32 years of their lifes outside the workforce. Even if you count out the time as child, those 16 years of retirement are 31% of your time spent working. If you want to keep your life standard, you somehow have to save up.

    • @BorgDrone@lemmy.oneEnglish
      9•1 day ago

      if you retire at 67

      But you won’t.

      By the time I’m 67, the retirement age will be 75, by the time I’m 75, the retirement age will be 80. The whole thing is a scam. The boomers get to enjoy retirement and they have us pay for it which is why they keep dangling that carrot in front of us, but realistically it will never happen for my generation or anyone after. Due to advances in medicine people get older and older, while costs keep rising. It’s simply not sustainable anymore to have that large a part of the population not working while simultaneously costing a lot of money in care.