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We are coming to terms with it, considering the retirement ages have been rising all across the Western world for the last decade or so. You can see a table of the planned current and future retirement ages various countries have been instituting here.
The most shocking thing I found in that table is that there are countries that have differing retirement ages for men versus women.
And for women it tends to be younger, even though they live longer in pretty much every country in the world (more male privilege!)
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And the women retirement age tends to be lower which is completely backwards if you look at life expectancy.
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And that the retirement age for woman, if different, is always earlier. Especially interesting given that women tend to live longer.
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Sure, but I'm not sure the full scale of the problem has been faced up to (not as bad in the US as here in Europe, perhaps), nor the unpalatibility of it with people told all their lives "work hard, then retire".
One of the reasons the US’s pension crisis won’t be near as bad as in Europe is that we have a lot more room to raise taxes to fund it without hitting the middle or lower classes.
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