This is especially bad in Germany where the introduction of the Euro pretty much split the earning population in two. Around 1990 the average retirement age in

This is especially bad in Germany where the introduction of the Euro pretty much split the earning population in two. Around 1990 the average retirement age in Germany was 60 years, retirees also got way more money (they still do) because back then people still earned proper wages and the retirement is based on prior income. Since the introduction of the Euro real wages in Germany have kept on stagnating while living costs kept rising and live expectancy also increased. This has lead to the absurd current situation where (old) retirees make up the bulk of the upper-income levels in Germany, while younger generations are not even sure they will be getting any retirement at all down the line, as German government keeps increasing the retirement age (67 years now, estimated target being at least 69 years) while decreasing the amount of retirement money people actually get. The worst part is that a lot of this is based on the naive assumption that life expectancy is gonna keep on increasing and people can stay "productive for longer", like we are all gonna be able to work till 70+ by 2030. But nobody answers the question that actually matters in that regard: Where and as what are all those people supposed to work? And why should any businesses hire a 60+-year-old guy vs hiring from a flood of overqualified, eager, and cheaper young folks?