In many countries today the retirement age from work has been raised. Do the advantages of raising the retirement age outweigh the disadvantages?

In recent years, many countries have raised the

retirement

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age

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, a decision that has sparked considerable debate. From my perspective, the benefits of increasing the

retirement

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age

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outweigh the drawbacks, and there are several reasons for

this

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.

Firstly

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, raising the

retirement

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age

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can have a positive impact on the economy. Older

workers

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often possess invaluable experience and skills gained over decades of employment.

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knowledge is difficult to replace, and companies can avoid the costs associated with recruiting and training younger, less experienced staff.

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, experienced

workers

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in fields like healthcare or engineering bring a level of expertise that cannot easily be taught, which can improve productivity and reduce errors.

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, with birth rates declining in many countries, there is an increasing shortage of

workers

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. In

this

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context, retaining older employees for a longer period can help mitigate

labor

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labour

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shortages and ensure a stable workforce, which is essential for economic growth. Beyond the economic advantages, extending the working years of elderly

individuals

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can

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have significant personal benefits. Many older people derive a sense of purpose and

fulfillment

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fulfilment

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from their work. Retiring early can lead to feelings of isolation or a loss of identity,

whereas

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continuing to work allows them to stay engaged, maintain social connections, and contribute to society.

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,

individuals

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working in professions

such

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as teaching or consulting can still make a meaningful impact by sharing their knowledge with younger generations.

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, staying in the workforce can help prevent financial strain for those who may not have sufficient

retirement

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savings, enabling them to maintain a comfortable standard of living without becoming a financial burden on their families.

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, there are some challenges to consider. Employers must ensure that older

workers

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are not subjected to

age

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-related discrimination and that their health and well-being are supported.

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, the workplace environment may need to adapt to accommodate the needs of an

aging

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ageing

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workforce,

such

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as offering flexible working hours or less physically demanding tasks. Despite these challenges, these can be addressed through thoughtful policies and practices. In conclusion,

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there are some drawbacks to raising the

retirement

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age

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,

such

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as the need for workplace accommodations and the potential for

age

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discrimination, I believe the benefits far outweigh the disadvantages. By retaining experienced

workers

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, boosting economic stability, and providing elderly

individuals

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with a continued sense of purpose,

this

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policy offers significant advantages to both society and

individuals

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