I think people hitting retirement age have done more for their country through paying taxes, supporting businesses etc than a hundred Nobel laureates or the entire worlds bransons / musks / conglomerate CEO’s.Most people agree with this in theory, the problem is the number of aged means people will have to contribute to their own costs more. This hits an immediate one of people aren't willing to give up the family home (and other assets) to support themselves. And if they are their kids / relatives kick up a shit about all 'their inheritance being wasted' on their parent(s) having a dignified final few years. With longer life spans this needs people to accept that more of what their parents built up over their lives are going to go to ensure they live a decent life at the end. Of course the government should ensure everyone has decent care, but this 'government do all, save my folks home for me!' attitude can't realistically co-exist with all having decent care.
people who have worked their entire life for this country should be treated like near royalty (by the government) in my opinion.
I believe we are in a shit load of trouble when the current 35 and unders get to retirement age. Like end of days trouble.
the people retiring now had low wages, but they bought houses for a pittance and saw them go up in price tenfold.
there is a bunch of people 40+ who got in just before house prices went crazy. My dad is 60 and was mortgage free pretty early thanks to rising houses kinda paying each house off he bought. He started off buying a 30k house and traded up into near half a million. God knows what it will be worth by the time he’s ready to sell it.
so they have a created wealth from houses paying for their retirement that future generations are never going to have.
add to that growing aging population and I don’t see how things don’t hit crisis point.