What's sad about it? Even with raising retirement age, the average duration people receive pensions has increased A LOT over the last few decades simply because

What's sad about it? Even with raising retirement age, the average duration people receive pensions has increased A LOT over the last few decades simply because life expectancies have increased so much. Someone who retired in the 1970s would receive a pension for less than 10 years on average - someone retiring now will receive a 20+ year pension.