Retraites: La retraite anticipée est quasiment la règle – VoxEurop (français)

Les seniors européens ne basculent pas directement vers la retraite après leur sortie de l’emploi. Ils quittent même la vie active avant l’âge légal de départ à la retraite.

This is a companion discussion topic for the original entry at

EU countries must adapt their pension systems for the realities of the modern age. Most of them use the 19th century Bismarck-style pension system. But he set the retirement age to 70 years while the average life expectancy was 55 years at that time! Since then, populist governments have gradually changed it to the opposite: they set the retirement age to 60 while the life expectancy is 85. No pension system can be sustainable if people spend 1/3 of their lives in post-productive idle mode, dependent on the state care.

Therefore the pension system must be made fully flexible: no fixed retirement age set - only minimal age when the public pension can be paid (that age should be adjusted every 5 years to life expectancy at the time of evaluation minus 20 years) and increase the pension value for each year the person decides to retire later than the minimum age set. This would motivate people to retire later but still allows to retire relatively early if they want for some reason but with more modest financial support!

That’s a good point, but long known. In Germany, the retirement age is 67 and it will soon be at 70 years. Whether you like it or not, it will different not be affordable.But that’s not the biggest problem. To solve the problems of the present massive future is sold. IMF economists have already suggested interest rates of minus 10% to solve the crisis. And Lagarde is an ECB president you even think so. Even with the current 0% it is impossible to save for the pension. Inflation will eat up everything, and everything indicates that we get a very high rate of inflation. The generational contract, the young pay to the elderly , will not work for many reasons. Not enough young people, and too low wages are the main reasons. In Germany, better earners are often not included in the pension system. It is the ECB that makes our pension, better said - annihilated.

I forgot the reply button. My answer was for you. Sorry, it’s just to let you know.

Yes, the massive quantitative easing that pumps money to selected recipients but does not get to most ordinary citizens makes price bubbles (for example in housing market) that make cost of living for ordinary citizens unbearable. Another threat in this regard is the madness about climate-change that EU wants to solve by massively increasing costs of energies, transportation, and other aspects of everyday life to EU citizens.

However, since the number of pensioners is already high and will further continue increasing, they represent a strong share of votes in the elections and politicians will thus have to react somehow. I’m afraid that it will be at the expense of the hard-working middle classes that bear most of the costs and operations of the society on their shoulders already now.