People are living and staying healthy for longer than they used to, while the overall population is aging disproportionally due to low birth rates. If they hadn't raised the retirement age, they would have to raise taxes very significantly.
People should remember that retirement is about making sure the people who are too old to work can still live respectably. It's not an end-of-life vacation.
Of course, it's still going to be massively unpopular. But the alternative is fiscal armageddon.
Peope are living and staying healthy for longer than they used to --> mostly impactful for middle/upper class and above. There is a correlation between life expectancy and job level/wealth: https://pmc.ncbi.nlm.nih.gov/articles/PMC7792745/ .
With retirement at 70, manual labours can already stop dreaming of taking a rest before dying.
People are living and staying healthy for longer than they used to, while the overall population is aging disproportionally due to low birth rates. If they hadn't raised the retirement age, they would have to raise taxes very significantly.
People should remember that retirement is about making sure the people who are too old to work can still live respectably. It's not an end-of-life vacation.
Of course, it's still going to be massively unpopular. But the alternative is fiscal armageddon.