Dear Mr Tan,
Yes, I think what you say is correct. It seems there is no choice but for people to keep working in order to fund those extra years of life. It is part of the "new reality" that we should learn to accept.
It is not really anyone's fault. It simply results from our longer lifespans.
Another point is that it doesn't necessarily have to be a negative thing. Since many people are still energetic and vibrant in those 10 years -- from age 55 to 65 -- they will probably want something useful to do. (Work gives them that chance.)
In fact, many rich people keep working eventhough they don't have to.
Work gives a sense of accomplishment that is very fulfilling. It adds meaning to life that you don't get if you retire to watch TV all day.
Larry
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