Spyke

Can't wait until the conservative politicians quote this statistic to raise the retirement age... again.

7

So if you start your work life at 16 and retire at 67, that will give you 51 years working, 14,5 years in retirement and 16 years as a child. That is the "best" case here in Germany, most people won't work that long, other countries have lower retirement ages and many people are doing additional schooling and university. But even that means that you have to put away / pay into retirement fund 14,5/51 = 28% of your income during your work life to support your retirement.

7

This will drop off again with climate desasters and wars to come. The Boomers and Gen X will see most of the benefits of the technical advances, without seeing most of the consequences.

6

Instead of the comma there should be a colon. It's not the life expectancy of the European Union, but of it's residents.

4

You reached the end