Delaying retirement and young people

Statistics Canada reports Canadians are delaying retirement and working later in life.  Presumably this is an attempt to maintain our standard of living into our golden years.

At the same time young people are taking to the streets in frustration at what they see as a lack of opportunity for the same standard of living.

I wonder if the older folks were to retire earlier and accept a slightly lower standard of living, would it provide more opportunities for the younger people?

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