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Tuesday 26.03.2019 | Name days: Eiženija, Ženija

The Economist: retirement age in Europe should be raised to 70 years

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

By 2040, the retirement age in Europe will have to be increased to 70 years. Since 1971, the average life expectancy rate in the advanced countries has risen by 4 – 5 years, and forecasts suggest that until 2050 it will grow by additional three years.

In fact, it would not be a bad thing, if people lived longer and retired earlier;yet, the labour shortage does not allow this, reports The Economist.

At the same time, in the United States the birth rate drop will lead to, for example, only 2.6 workers per pensioner in 2050, while in France, Germany and Italy – 1.9, 1.6 and 1.5 workers per pensioner, respectively.

Therefore, countries intend to raise the retirement age: in the United States – to 67 years, in the UK - to 68 years. Nevertheless, Europe should consider the retirement age raise to 70 years, the periodical indicates.


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  1. Joni says:

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