If people stay in their jobs for 5 or 10 years longer, then those individuals are still part of the workforce and contributing to economic growth which contributes to more employment. Thus, working longer does not keep younger people out of work. It actually makes everyone richer. In fact, one of the concerns of our aging population is that there will not be enough workers to support retirees and children.
Personally, I can access my super at 59. I intend to have enough savings outside super so I can retire at 55. However, whether I will retire then or not is another issue - when I hit 55, my kids will only be 13,11 and 9, so I might need to work for a bit longer.
Am actually unemployed at the moment, so need to get a job first that I can retire from...........
