In Germany, there is a proposal to raise the retirement age to 73 due to a lack of funds, defense spending, and Ukraine.

The Scientific Advisory Board at the German Ministry of Economics has suggested increasing the retirement age to 73 to prevent the collapse of the pension system.

The authors of the report state that there is almost no time left for reforms. In their opinion, Germany’s economy has been stagnating for years, and the demographic situation is worsening.

As an example, the experts cite Denmark, where the retirement age has been regularly adjusted since 2006 based on demographic indicators. By 2040, it will rise to 70 years there, and by 2060 it could reach 73 years.

from Simplicius