Governments around the world are raising the age of retirement, and this could spark significant challenges for individuals and societies at large, according to an August 20, 2019 BBC article.
David Bloom, Clarence James Gamble Professor of Economics and Demography at Harvard T.H. Chan School of Public Health, said requiring people to wait longer to collect pensions and other retirement benefits could spark social unrest in some areas.
Bloom also noted that such policy changes affect those who do manual labor especially hard. “That policy change is going to serve some parts of the population and not others,” Bloom said. “That’s the inequity that is going to have to be addressed, otherwise we have the potential for friction between blue-collar and white-collar among older workers.”
Read the BBC article: Why we lie about being retired