this post was submitted on 05 Feb 2024
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UK state pension age will soon need to rise to 71, say experts (www.theguardian.com)
submitted 9 months ago by CAVOK@lemmy.world to c/europe@feddit.de
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The way I see it there are three realistic choices a country can make.

  1. Raise the pension age. Not very popular with the public as illustrated by protests everywhere this has been mentioned.

  2. Increased migration. Not very popular with the public as seen by the rise of far right parties in both Europe and outside.

  3. 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?

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[โ€“] Lmaydev@programming.dev 2 points 9 months ago

They just need to redo the tax brackets to account for people earning much more at the top. Currently tops out at 125k but there are people earning millions.