IMF Urges People to Work Till 70: Yay or Nay?

Many countries around the world are starting to become aging societies. In other words, there are more old people AND fewer people having babies. This demographic shift has important implications on the economy and politics of a country. The question is, what do we do about it?The International Monetary Fund (IMF) recently published a report titled ‘The Rise of the Silver Economy: Global Implications of Population Aging.’ In it, they propose that governments consider raising the retirement age and encouraging people to work until the age of 70. They say this is what will help countries sustain economic growth. But is that the right approach? We speak to Prof Peter Beattie, Political Economist & Political Psychologist, Chinese University of Hong Kong (CUHK). Image Credit: ShutterstockSee omnystudio.com/listener for privacy information.