The UK government is facing mounting criticism over proposals to raise the state pension age, with experts warning that the move could disproportionately impact lower-income workers and destabilise retirement planning.
The Push for Pension Reform
Labour's Shadow Work and Pensions Secretary, Liz Kendall, has called for a comprehensive review of the pension system, arguing that current policies fail to address the challenges of an ageing population. However, critics argue that simply raising the retirement age ignores deeper structural issues.
Who Stands to Lose?
Research suggests that manual workers and those in physically demanding jobs may suffer most from an increased pension age, as their ability to work into later life is often limited. Meanwhile, wealthier professionals—who typically enjoy longer, healthier careers—would face fewer hurdles.
Economic Ripple Effects
Beyond individual hardship, economists caution that forcing older workers to remain in employment longer could reduce opportunities for younger generations, potentially exacerbating youth unemployment and wage stagnation.
A Fairer Alternative?
Rather than a blanket increase, some propose flexible retirement options or targeted support for those unable to work beyond a certain age. As debates intensify, one question looms: Should retirement policy adapt to people—or people to policy?
