de.euronews.com
Europe Raises Retirement Age: Denmark to Lead at 74 by 2060
Currently, the EU's statutory retirement age varies from 60 to 67, but many countries are raising the age due to increasing lifespans; by 2060, Denmark is projected to have the highest retirement age at 74, while gender gaps will mostly disappear.
- What are the current and projected retirement ages in Europe, and which countries have the highest?
- In 2022, the EU's statutory retirement age ranged from 62 to 67 for men and 60 to 67 for women. The average was 64.7 for men and 63.8 for women. However, this varies significantly across countries, with some Nordic nations already at 67 for both sexes.
- How do gender differences in retirement age vary across Europe, and how are these changing over time?
- Several European nations are raising retirement ages due to increasing life expectancy and longer retirement years. Denmark, for example, plans to reach 70 by 2040, while the OECD projects a 74-year retirement age for Denmark by 2060. This reflects a broader European trend of adjusting retirement ages.
- What is the projected difference in retirement age between those retiring in 2022 and those entering the workforce in the same year, and how does this vary across countries?
- By 2060, significant disparities in retirement ages across Europe will largely diminish, with exceptions in Poland, Hungary, Romania, and Turkey. The projected EU average will be 66.7 for men and 66.4 for women, illustrating a convergence towards higher retirement ages across the continent. This will create substantial differences between current retirees and those entering the workforce today.
Cognitive Concepts
Framing Bias
The article presents the information in a relatively neutral manner. While it highlights the increase in retirement age across Europe, it also presents data on current retirement ages and variations between countries. The headline is descriptive rather than sensationalist.
Bias by Omission
The article focuses primarily on the legal retirement age in different European countries and doesn't delve into other relevant factors that might influence actual retirement, such as individual financial situations, health, or career choices. While acknowledging that space limitations exist, the omission of these factors could create an incomplete picture for the reader, potentially misleading them into believing the legal retirement age is the sole determinant of when people retire.
Gender Bias
The article explicitly addresses gender differences in retirement ages across various countries, highlighting where discrepancies exist and where they are diminishing. It provides specific data on the differences and projects future trends.
Sustainable Development Goals
Raising the retirement age can help ensure the long-term sustainability of pension systems, reducing the burden on younger generations and potentially preventing future poverty among retirees by ensuring sufficient funds are available for retirement benefits. However, it also presents challenges for older workers who may face difficulties in finding new jobs or adapting to the changing labor market. The article highlights varying retirement ages across Europe and the projected increases, implying a need for strategies to mitigate potential negative impacts on individuals nearing retirement.