Raising Retirement Age Boosts Benefits for Retirees in Aging Societies
The study looked at how people feel about the legal retirement age. Retirees tend to prefer a higher retirement age than workers, and those who just retired prefer it the most. This is because a higher retirement age can mean higher pension benefits for retirees without them having to work longer. The researchers found that in societies where people are getting older, it becomes more likely that the retirement age will go up.