Viewpoints
[Bill Emmott] The creeping public pension debacle
Oct. 25, 2016
If developed countries acted rationally, and in the interest of electorates that understood how their tax money is spent, they would set their public-pension retirement age at or above 70. But most developed countries have retirement ages below this mark, and, despite some progress, it will be decades before they catch up. In the meantime, Western welfare states will remain financially unviable, economically sickly, and politically strained.Demographic aging is the social and economic equivalent