auditor0007
Gold Member
This is 100% correct, and it is the reason that we must raise the retirement age. I realize that doing so would not work for everyone and we would have to grant early retirement to certain disabled individuals, but overall, the new retirement age needs to move to at least 70.
How about we do aware with the concept of retirement altogether. Through thousands of years of history no one ever retired. We lose a significant part of our work force who can contribute so much to the knowledge and experience of the nation because for some reason 80 years ago a politician arbitrarily decided that people should stop working at 65.
Continue participating in life. Life isn't over just because we reach a certain age.
People didn't retire because if they stopped working, they died. That's a tough sell to the American public.
I do think the age of eligibility for SS should be increased however.
Life expectancy has risen from 67 years to 78 years since the 1950's, give or take a year. Despite this you think we should leave the retirement age at 67, which is the new 65 for anyone born after 1960. What if tomorrow, life expectancy jumps to 100? Should we still leave the retirement age at 67? My argument is not that people should not be permitted to retire at whatever age they want, but it is that the government should not foot their retirement for such a long period of time.