Did you see the images of a million angry French citizens marching against their government’s plan to raise the retirement age from 60 to 62? They’ve grown used to early retirement and don’t want to give it up – even though they’re living longer and even though their nation’s pension system is running out of money.
It would be nice if we in America could dismiss France’s pension problems as something “over there.” Alas, our own Social Security system is going broke, too, but lawmakers and many Americans do not want to face up to the unpleasant reality that we need to reform Social Security.
Could mass protests and chaos be in our future, too, if we don’t act?