> But now we're finding out that the old retirement system is too expensive for the young generation to handle I had read somewhere that, long long ago people

> But now we're finding out that the old retirement system is too expensive for the young generation to handle I had read somewhere that, long long ago people who retired at, say 60 would probably eventually die by 65. In that case the retirement system, pensions, savings etc would work because they only need to be supported for a few years. However, as the healthcare system across the world increased, people are now living much longer lives and hence they need to be supported longer. This stresses the existing retirement mechanisms. It's kind of ironic if that theory is true.