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With better healthcare and disease control, we now live much longer, but the downside is that it means more years of employment. Denmark is raising the retirement age to 70 by 2040, asking its citizens to make the most of their able-bodied years. The Scandinavian country is set to have the highest retirement age across Europe and while the shift is still a while away, citizens are concerned. Of course, they could choose to retire early on their own dime, but the maximum retirement benefits promised will only become available to them at 70.
The Danish retirement reforms for 2040