The IMF has suggested that older workers, particularly from the baby boomer generation, should delay retirement from 62 to 64 to help alleviate public financial pressures resulting from an ageing population. This recommendation, highlighted by improved health and cognitive functions for those aged 70, aims to balance the workforce ratio amid rising public debts. However, many individuals voiced strong opposition to the notion of extended work life, arguing it is unjust, particularly for those in physically taxing jobs. Critics labeled the proposal as unrealistic and provocative, given the challenges faced by lower-income workers with fewer retirement resources.
The recommendation is that people of the baby boomer generation should stay in work for longer to help balance public finances amid fiscal pressures caused by an ageing global population.
An overwhelming majority expressed outrage about later retirement, describing it as disgusting, ludicrous, and unfair, with individuals emphasizing the struggles of working at older ages.
The IMF encouraged delaying retirement and increasing pension ages to address the precarious ratio of workers to retirees amid increasing public debt.
Many worried that physically demanding low-paid jobs would impact older workers the most if retirement ages were increased again.
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