UK state pension age will soon need to rise to 71, say experts
https://www.theguardian.com/money/2024/feb/05/uk-state-pension-age-will-soon-need-to-rise-to-71-say-experts
Research on life expectancy and birth rates shows that ill health makes status quo unsustainable
The way I see it there are three realistic choices a country can make.
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Raise the pension age. Not very popular with the public as illustrated by protests everywhere this has been mentioned.
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Increased migration. Not very popular with the public as seen by the rise of far right parties in both Europe and outside.
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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?