Can you retire in your 30s? (The FIRE movement): Pre-class activities

The first time you watch the video, pay special attention to the correct pronunciation of the following words:

The amount of saving the average individual has will only last them 5-6 years through retirement.
In Denmark, they’ve raised the retirement age so that it would move up as life expectancy increases.
If life expectancy increases by 5 years, the retirement age increases by 5 years and therefore the pension funds will still have to pay out the roughly expected 14 years.