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Originally Posted by Masque
I do think that the should be an age limit after which you can no longer work as otherwise where are the jobs going to come from for the younger people if the workforce continues to age.
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In an ideal world retired people would be users of goods & services, which would help provide employment for those providing said amenities.
Unfortunately that relies on the premise that people retiring will have sufficient disposable income to make such a situation sustainable.
With hindsight it can be seen that this level of income after retirement may only be possible for people who have made provision over & above the requirements that qualify for a 'state pension'.
In the worst case people might find that 'compulsory' retirement would plunge them into a scenario where they are still paying off a mortgage/car loan/credit card - which their pension entitlement won't cover. These people will, probably, want to carry on working, rather than deal with the consequences of their remaining debts.
Interest rates currently are such that private or occupational pension schemes are suffering badly. The number of schemes being moved from a 'final salary' basis is a consequence of this - too many schemes are in deficit - and, in fact are having an effect on employment, the Royal Mail being a case in point, their pension deficit being a major factor in the decision to float the business.