Kind of a weird story in the Times today on how older workers are postponing retirement. Has a couple anecdotes and mentions a Pew survey but ignores the startling Labor Department statistics proving the thesis. I wrote about this on Sunday.

The NYT piece holds out the full-boat, state-sponsored retirement schemes from Europe as an attractive alternative to the U.S. model but soft-pedals the ticking fiscal time bombs that these systems represent.

Of course, such a system comes with tradeoffs. To help pay for generous state pensions, Danish workers have one of the highest tax burdens. The population is also aging, meaning that there will be fewer working people to pay for the pensions and care of a graying society.

The Danish system is simply unsustainable. Presenting it as a potential model for the U.S. seems like a non sequiter.