Pension Benefits and Retirement Timing

Many countries' populations are aging due to increasing life expectancy and decreasing birth rates. Who will be available to support these adults as they age? Many governments have linked the retirement age and life expectancy. For example, in 2023, the French government raised the statutory retirement age from 62 to 64 despite fierce protests to minimize the growing proportion of retirees compared to the active working population. Watch this video on the relationship between retirement age and life expectancy.