What is a likely consequence of abolishing mandatory retirement?

Question

Quizplus · Accepted Answer

Abolishing mandatory retirement would likely lead to an increase in the number of people staying in the workforce past the age of 65, leading to more people employed in their 70s and 80s. This may also have a positive effect on the economy by contributing to the workforce and reducing strain on retirement savings. It is unlikely that mandatory retirement abolishment would lead to a greater burden on the health-care system or cause people to live longer lives as these factors are influenced by many other variables. While some individuals may choose to retire before 65, retirement options would likely become more flexible with the abolition of mandatory retirement.

What Is a Likely Consequence of Abolishing Mandatory Retirement