Pensions come with new features for 2025, and there will be a new retirement age starting on January 1. Retirements are a topic of recurring debate among experts, and about the retirement age and the possible problems that can be caused by reaching the retirement age of those born during the ‘baby boom’ in the economist Gonzalo Bernardos has been clear: people should retire later.
This is how this economics professor explained it in the program ‘La Sexta Xplica’ on ‘La Sexta’ in which, in a debate focused on pensions in Spain, the professor explained the “adjustments” that would have to be made in the system to prepare for the thousands of retirements expected from the well-known ‘boomers’.
According to Bernardos, the increase in the number of people who are going to retire, together with the increases in pensions planned based on the CPI, could mean in the long run a imbalance in the system that could become unviable if certain changes are not made.
Gonzalo Bernardos bets on increasing the retirement age
For Bernardos, the Government has different alternatives to adjust the system to the amount of pensions that are coming. Specifically, there are three: paying more for social contributions, lowering pensions or increasing the retirement age. Given these three options, the economist is clear that The best solution would be to increase the retirement age, but why?
The justification for his answer is simple, people are living longer and longer, and in this case By living longer, the most normal thing is that you can work for more years, which means increasing the retirement age.
Something he emphasizes is that this measure would not be for everyone, since “There will be people who have arduous physical jobs, and in this case, they will have to retire earlier.”