Here come the downvotes but whatever. This is a problem in the entire 1st world so my position in Canada is just as applicable.
I’m 49. My dad is 82 and just stopped working.
It is a fact that people are living longer and able to work longer. It is also a fact that people, on average, do not plan for retirement that is why we have social assistance. It is also a fact that government social assistance is supposed to be a stop gap not a replacement for individual responsibility. For the government to be fully responsible your taxes would need to increase drastically.
In Canada one of the best things that was done recently was to raise the amount every Canadian pays into the CPP. This did not improve it however, this just made it less likely to run out of money in the future. This is why they also are providing incentives to delay receiving your CPP and why globally there is a push to raise the pension age.
So there are multiple problems
We do not fund the system well enough to account for the amount of pensioners increasing that funding is political suicide.
People are living longer and we have the largest fucking generation ever needing to be propped up by one of the smallest who I might add are also raising kids at the same time.
People are working longer depressing the market for high value and low value jobs (think executives and Walmart greeters)
People do not plan for retirement
In none of these scenarios does lowering the pension age make it easier.
On a base level I agree with what you said. It’s bullshit my dad has to work until 82. But Jesus Christ reality people. It’s not feasible!
As a end fyi. My parents are lower middle class and we’re good with money but then in the 90s we had a recession and my dad lost his job to computers and ther went their savings. This is not a unique story. People can be responsible and shit happens. As it stands now they barely make by on only government pensions because they live in the middle of nowhere and they rent for well below market value because the person who owns their house is a genuinely nice person. Survival shouldn’t rely on luck.
never underestimate the rate of depression in elderly when they dont feel useful anymore
there has been studies on people who live to 100 and one of the factors is they found an excuse be it their hobby or a job that was equal to their hobby giving them something to look forward to doing every day was actually beneficial for their overall health to stay more cognisant as they grow older.
Not all work stress is bad stress. bad stress such as having abusive people around is not the same as a mental challenge stress that keeps a person’s brain working.
we are in these bodies to move them.
so i dont think its just people are living longer, they are feeling more relevant to live better for longer.
Which further gets to pension age being low is bullshit as it is lol. It’s meant as a general guideline it’s why I don’t plan on taking my pension until I’m 70. Means I can. Get more money by delaying. Unfortunately not all people can do that though.
Regardless, the point is demanding a pension age of 55 is insane as is expecting the pension age to stay at 65. The average person born in 2000 is expected to live about 80 years which means most people will live well beyond that. The system is not designed to support someone for 25+ years because when it was designed we did not live that long!
Which gets to the underlying problem. UBI. We keep addressing all these fractured issues when they would all be solved with a fucking UBI but God forbid politicians ask corporations and millionaires/billionaires to pay for it.
We can’t even get our politicians to fund education and healthcare properly.
Here come the downvotes but whatever. This is a problem in the entire 1st world so my position in Canada is just as applicable.
I’m 49. My dad is 82 and just stopped working.
It is a fact that people are living longer and able to work longer. It is also a fact that people, on average, do not plan for retirement that is why we have social assistance. It is also a fact that government social assistance is supposed to be a stop gap not a replacement for individual responsibility. For the government to be fully responsible your taxes would need to increase drastically.
In Canada one of the best things that was done recently was to raise the amount every Canadian pays into the CPP. This did not improve it however, this just made it less likely to run out of money in the future. This is why they also are providing incentives to delay receiving your CPP and why globally there is a push to raise the pension age.
So there are multiple problems
In none of these scenarios does lowering the pension age make it easier.
On a base level I agree with what you said. It’s bullshit my dad has to work until 82. But Jesus Christ reality people. It’s not feasible!
As a end fyi. My parents are lower middle class and we’re good with money but then in the 90s we had a recession and my dad lost his job to computers and ther went their savings. This is not a unique story. People can be responsible and shit happens. As it stands now they barely make by on only government pensions because they live in the middle of nowhere and they rent for well below market value because the person who owns their house is a genuinely nice person. Survival shouldn’t rely on luck.
and what did your dad have to say about retiring?
and feelings of retiring before and after ?
Depending on how the person likes their job or what they get from it can add to why a person lives so long and healthier to be able to. they find their reason to get up in the morning. https://www.cnbc.com/make-it/2024/07/20/100-year-olds-not-retiring-is-what-keeps-us-going.html
never underestimate the rate of depression in elderly when they dont feel useful anymore
there has been studies on people who live to 100 and one of the factors is they found an excuse be it their hobby or a job that was equal to their hobby giving them something to look forward to doing every day was actually beneficial for their overall health to stay more cognisant as they grow older.
Not all work stress is bad stress. bad stress such as having abusive people around is not the same as a mental challenge stress that keeps a person’s brain working.
we are in these bodies to move them.
so i dont think its just people are living longer, they are feeling more relevant to live better for longer.
Which further gets to pension age being low is bullshit as it is lol. It’s meant as a general guideline it’s why I don’t plan on taking my pension until I’m 70. Means I can. Get more money by delaying. Unfortunately not all people can do that though.
Regardless, the point is demanding a pension age of 55 is insane as is expecting the pension age to stay at 65. The average person born in 2000 is expected to live about 80 years which means most people will live well beyond that. The system is not designed to support someone for 25+ years because when it was designed we did not live that long!
Which gets to the underlying problem. UBI. We keep addressing all these fractured issues when they would all be solved with a fucking UBI but God forbid politicians ask corporations and millionaires/billionaires to pay for it.
We can’t even get our politicians to fund education and healthcare properly.
We are cooked chat.