Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.

Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.

The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.

The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.

  • teslasaur@lemmy.world
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    23 hours ago

    They definitely do.

    During the financial crisis in the 90’s, Sweden was close to defaulting due to the rich moving their wealth out of Sweden.

    • 0tan0d@lemmy.world
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      22 hours ago

      I would want to understand that data, as it was a lot easier to just say things are happening in the 90s than today. The rich tried to say this would happen 3 years ago too. However, in the current police state in America where there is no privacy for anyone, we have a concrete example of raising the taxes on the parasite class and there was no data to back this claim.