In recent times, the retirement age has increased in many parts of the world. This essay will discuss the various merits and demerits of this situation and conclude that the benefits outweigh the drawbacks.
To begin with, raising the retirement age encourages citizens to remain active and healthy, as they have work to keep them engaged and presentable. Additionally, it provides individuals the opportunity to earn more money while employed, allowing them to save more for their retirement plans. Reports indicate that the tendency for illness and disease increases by 35% after retirement; therefore, a later retirement age could contribute to better health outcomes. Regular engagements at work enable individuals to interact with new people, gain diverse experiences, and learn about new technologies and the workings of a modern world.
On the other hand, individuals with weaker immunity who tend to fall ill frequently may suffer significantly. As people age, their efficiency often decreases, leading to increased fatigue and reduced productivity. Those desiring early retirement to spend time with family may find their plans disrupted, as they might be compelled to continue working against their wishes, which detracts from their overall enjoyment of life.
In conclusion, there are both advantages and disadvantages to increasing the retirement age, but the importance of work is undeniable. By remaining active in their careers, individuals can keep their bodies and minds engaged, leading to a more fulfilling life. Therefore, in this instance, the merits outweigh the demerits.