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In some countries, the retirement age has been delayed so older people can continue working. Do the advantages of this outweigh the disadvantages?

In some countries, the retirement age has been delayed so older people can continue working. Do the advantages of this outweigh the disadvantages? eKD3K

As the healthcare sector improves, life expectancy is getting longer. This encourages some countries to extend their retirement age and allow older people to work past retirement. Although some may consider this as a negative development, I believe that the advantages are greater. To begin with, delaying retirement age may have some detrimental impacts on older people and society. One argument commonly put forward is that older employees may develop some health issues, which can have a damaging effect on their performance. Because of deteriorating physical condition, older workers may have difficulty fulfilling their duties, especially those which require more time and effort. For instance, in some countries with a rapidly aging population, older workers have to reduce hours of work as mental and physical capacity has decreased. Another point to consider is that delayed retirement might have a negative effect on youth employment since there are only limited job vacancies for younger applicants. Hence, working past retirement age may worsen older people’s work self-efficacy and economy. Despite the arguments mentioned above, I contend that prolonged retirement has more advantages. Contrary to the belief that delayed retirement worsens old people’s health, working past retirement age may help older people live longer because of social engagement. As senior citizens are more socially engaged at work, they do not feel isolated and this helps them avoid serious mental illnesses such as depression. In addition, extending the retirement age allows older people to be financially independent. Since old workers have regular income, they feel more empowered and they save more money for emergencies. As a matter of fact, studies suggest that late retirement could increase retirement income to almost 10%, making them economically self-sustainable even when they leave work. Therefore, delayed retirement enables older workers to be financially secure and healthier. In conclusion, although retiring late poses some disadvantageous effects on old people’s health and on the labor force, it seems to me that the benefits of late retirement far outweigh the drawbacks. Even though there are some limitations to delayed retirement, it cannot be denied that working past retirement age can help older workers to have financial security and encourage them to stay healthy.

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improves
, life expectancy is getting longer. This encourages This phrase/word is too simple and can be replaced with:a number of
some
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retirement
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age
 and This phrase/word (depending on the context) can be potentially replaced with :authorize
allow
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older
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people
 to You use this word too often, consider replacing it withtaskindustrytrialjobproductionstruggle
work
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past
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retirement
. Although This phrase/word is too simple and can be replaced with:a number of
some
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negative
 development, I believe that the advantages are greater.

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begin
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retirement
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age
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some
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older
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people
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older
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Because
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older
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workers
 may have difficulty fulfilling their duties, especially
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, in This phrase/word is too simple and can be replaced with:a number of
some
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workers
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have to
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reduce
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work
 as mental and physical capacity has decreased. Another point to consider is that You use this word too often, consider replacing it withdeferredpostponedslowed
delayed
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retirement
 might have a This phrase/word is too simple and can be replaced with:adverse
negative
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only
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, working You use this word too often, consider replacing it withpriorcompletedspentformerprevious
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retirement
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age
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older
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 self-efficacy and economy.

Despite the arguments mentioned above, I contend that prolonged You use this word too often, consider replacing it withevacuationpulloutwithdrawal
retirement
 has more advantages. Contrary to the belief that You use this word too often, consider replacing it withdeferredpostponedslowed
delayed
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retirement
 worsens This phrase/word is too simple and can be replaced with:ancientagedmature
old
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people’s
 health, working You use this word too often, consider replacing it withpriorcompletedspentformerprevious
past
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retirement
You use this word too often, consider replacing it withyouthmaturitylifeold age
age
 may This phrase/word (depending on the context) can be potentially replaced with :assistassistance
help
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older
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people
This phrase/word (depending on the context) can be potentially replaced with :reside
live
 longer This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 of social engagement. As senior citizens are more socially
 engaged at You use this word too often, consider replacing it withtaskindustrytrialjobproductionstruggle
work
, they do not feel isolated and this This phrase/word (depending on the context) can be potentially replaced with :assists
helps
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, extending the You use this word too often, consider replacing it withevacuationpulloutwithdrawal
retirement
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age
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allows
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old
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workers
 have regular income, they feel more Use a comma before 'and' if it connects two independent clauses (unless they are closely connected and short).empowered, and
empowered and
 they save more money for emergencies. As a matter of fact, studies suggest that late You use this word too often, consider replacing it withevacuationpulloutwithdrawal
retirement
 could increase You use this word too often, consider replacing it withevacuationpulloutwithdrawal
retirement
 income to almost 10%, making them economically
 self-sustainable even when they This phrase/word (depending on the context) can be potentially replaced with :depart
leave
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work
. Therefore
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delayed
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retirement
 enables You use this word too often, consider replacing it withearlier
older
You use this word too often, consider replacing it withemployeetraderpeasantlaborer
workers
 to be financially
 secure and healthier.

In conclusion
, although retiring late poses This phrase/word is too simple and can be replaced with:a number of
some
 disadvantageous effects on This phrase/word is too simple and can be replaced with:ancientagedmature
old
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people’s
 health and on the labor force, it seems to me that the benefits of late You use this word too often, consider replacing it withevacuationpulloutwithdrawal
retirement
 far outweigh the drawbacks. Even though
 there are This phrase/word is too simple and can be replaced with:a number of
some
 limitations to You use this word too often, consider replacing it withdeferredpostponedslowed
delayed
You use this word too often, consider replacing it withevacuationpulloutwithdrawal
retirement
, it cannot be denied
 that working You use this word too often, consider replacing it withpriorcompletedspentformerprevious
past
You use this word too often, consider replacing it withevacuationpulloutwithdrawal
retirement
You use this word too often, consider replacing it withyouthmaturitylifeold age
age
 can This phrase/word (depending on the context) can be potentially replaced with :assistassistance
help
You use this word too often, consider replacing it withearlier
older
You use this word too often, consider replacing it withemployeetraderpeasantlaborer
workers
 to have financial security and encourage them to stay healthy. 