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Are YOU aware that the employers pay the equal amount of 6.2%?You know what else will save SS? Eliminating the earnings cap.
People are living longer if you consider sitting in nursing homes living. The body still wears out at about the same pace. I am thinking that the living longer part is mostly due to people not getting killed, like in war.
YOU aren't THINKING when you say mostly due to not getting killed! Don't dignify the word "thinking" with your guesses!
FACTS please don't GUESS or your case faux thinking!!!
Seriously, why don't you use the Internet before making any comment? Opinions should be based on facts and with the Internet today opinions should be a little more accurate then "thinking"....!
FACT: In 2010,
54 percent of assisted living residents are 85 years or older;
27 percent are 75-84 years old;
9 percent of residents are between 65 and 74 years; and
11 percent are younger than 65 years old.
Resident Profile
During the twentieth century, life expectancy rose dramatically amongst the world's wealthiest populations from around 50 to over 75 years.
This increase can be attributed to a number of factors including improvements in public health, nutrition and medicine. Vaccinations and antibiotics greatly reduced deaths in childhood, health and safety in manual workplaces improved and fewer people smoked.
As a result of this - coupled with a decline in the fertility rate (the average number of children that women have in their lifetime) -
many major industrial countries are facing an aging population.
It is likely that life expectancy of the most developed countries will continue to slowly advance and then reach a peak in the range of the mid-80s. According to UN statistics for the period 2005 - 2010, Japan (82.6 years) has the world's highest life expectancy followed by Hong Kong (82.2 years) and Iceland (81.8 years). The world average is 67.2 years and the UK average is 79.4 years.
In the U.K, Life expectancy at birth increased by almost a decade in the first 50 years of the NHS (established in 1948). In 1948, 40% of people died before reaching pensionable age, but by 1996 this was reduced to just 7%.
During the Roman Empire, Romans had a approximate life expectancy of 22 to 25 years. In 1900, the world life expectancy was approximately 30 years and in 1985 it was about 62 years, just five years short of today's life expectancy.
Life expectancy changes as you get older. By the time a child reaches their first year, their chances of living longer increase. By the time of late adulthood, your chances of survival to a very old age are quite good. For example, although the life expectancy from birth for all people in the United States is 77.7 years, those who live to age 65 will have an average of almost 18 additional years left to live, making their life expectancy almost 83 years.
Why are people living longer
See there you are doing what I was cautioning you against doing... assuming without any validation that I was upset.People are living longer if you consider sitting in nursing homes living. The body still wears out at about the same pace. I am thinking that the living longer part is mostly due to people not getting killed, like in war.
YOU aren't THINKING when you say mostly due to not getting killed! Don't dignify the word "thinking" with your guesses!
FACTS please don't GUESS or your case faux thinking!!!
Seriously, why don't you use the Internet before making any comment? Opinions should be based on facts and with the Internet today opinions should be a little more accurate then "thinking"....!
FACT: In 2010,
54 percent of assisted living residents are 85 years or older;
27 percent are 75-84 years old;
9 percent of residents are between 65 and 74 years; and
11 percent are younger than 65 years old.
Resident Profile
During the twentieth century, life expectancy rose dramatically amongst the world's wealthiest populations from around 50 to over 75 years.
This increase can be attributed to a number of factors including improvements in public health, nutrition and medicine. Vaccinations and antibiotics greatly reduced deaths in childhood, health and safety in manual workplaces improved and fewer people smoked.
As a result of this - coupled with a decline in the fertility rate (the average number of children that women have in their lifetime) -
many major industrial countries are facing an aging population.
It is likely that life expectancy of the most developed countries will continue to slowly advance and then reach a peak in the range of the mid-80s. According to UN statistics for the period 2005 - 2010, Japan (82.6 years) has the world's highest life expectancy followed by Hong Kong (82.2 years) and Iceland (81.8 years). The world average is 67.2 years and the UK average is 79.4 years.
In the U.K, Life expectancy at birth increased by almost a decade in the first 50 years of the NHS (established in 1948). In 1948, 40% of people died before reaching pensionable age, but by 1996 this was reduced to just 7%.
During the Roman Empire, Romans had a approximate life expectancy of 22 to 25 years. In 1900, the world life expectancy was approximately 30 years and in 1985 it was about 62 years, just five years short of today's life expectancy.
Life expectancy changes as you get older. By the time a child reaches their first year, their chances of living longer increase. By the time of late adulthood, your chances of survival to a very old age are quite good. For example, although the life expectancy from birth for all people in the United States is 77.7 years, those who live to age 65 will have an average of almost 18 additional years left to live, making their life expectancy almost 83 years.
Why are people living longer
Wow, I hope you didn't burst a blood vessel.
What did you post that disproved anything I posted?
I have lived a fairly long life and nothing of modern medicine made that happen, I mean actions taken to extend life. I was born in a gas station and have not once spent a day in the hospital due to illness. In colonial days if a woman survived her child bearing years she could live quite a bit longer then the average age. The average being moved downward because a whole lot of people did not survive their childhood. And a whole lot of people died in childbirth. Death was a normal part of life.
But that does not mean that the body does not wear out just as fast. Remember Dolly and her clone? If you do then you will remember that the clone aged quickly to the same age as Dolly. Jim Fix ran every day citing the virtue of running, yet he died young. It is my opinion, aging is bred into our DNA or genes, or whatever. We were meant to be born, live and die to a timetable already set. War, disease and such only speeds up the time table.
I do agree that modern science and society has allowed folks to live a whole lot longer.
But I will caution you, getting so upset over an internet post can't be good for your longevity, or can it???
Are YOU aware that the employers pay the equal amount of 6.2%?You know what else will save SS? Eliminating the earnings cap.
Raising the cap then would mean ALL employers would see their payroll costs skyrocket because of that?
OH right you are one of those SCREW the wealthy people because they screwed you right?
Or are you a jealous venal juvenile that will never ever be ambitious enough to improve but constantly want to drag every one down to your level?
Is that what you mean?
Is 60 the New 40?
"Elderly."
Most of us hear the word and think of our parents in wheelchairs," said Marcella Lorfing, who teaches a memoir writing workshop at the Davis Art Center in California. "Now that was elderly."
After a recent Sacramento Bee story described a 60-year-old woman as elderly, one 60-year-old reader called to complain. "What's up with you guys," she asked, "don't you know that's just plain wrong?"
And the statistics, not to mention a cultural shift in attitude in how aging is viewed, back her up.
Those in the 60-and-older crowd are living longer and healthier lives than their parents by adhering to today's doctrines of diet and keeping the mind and body active.
So what is the new elderly?
The consensus seems to be that 60 is the new 40. Or at least a 40 with far different pressures and responsibilities. If not retired, then working with less pressure. The kids are grown and gone. And there's just more time to do fun stuff.
Is 60 the New 40 - Chicago Tribune
OK for those pointy small brained... here is the point!
RAISE Social Security RETIREMENT AGE from 65 to 69 for all those people UNDER 55! GET IT???
See you ignorant liberal/progressive democrats totally forget that SS was started at the time extremely few people lived past age 65!
So SS was betting that MOST workers paying into SS would never use it!
Great CON wasn't it???
BUT we are living longer and we are using up SS faster...
Simply raising the age for ALL workers NOW that are under 55 will save SS extinction by several decades.
As it is now SS trustees projects the demise by 2030!
From the Social Security TRUSTEES.
Social Security and Medicare together accounted for 41 percent of Federal expenditures in fiscal year 2013.
[Note for you ignorami, this means the GENERAL FUND of Federal government spends 41% on SS & Medicare.]
Both programs will experience cost growth substantially in excess of GDP growth through the mid-2030s due to rapid population aging caused by the large baby-boom generation entering retirement and lower-birth-rate generations entering employment and, in the case of Medicare, to growth in expenditures per beneficiary exceeding growth in per capita GDP.
Trustees Report Summary
WHO cares? The point is the Majority of people not the exceptions like you!
SS was never designed for the individual...but for ALL people regardless of their back issues!
AND NOW you understand the problem don't you?
Federal government programs are cookie cutter i.e. one size fits all. They can't! It is too big to customize SS around your back issue.
BUT... as I've pointed out that revising SS to allow people the CHOICE of whether to let the government manage my SS payments' accumulations (which they don't they lump it in with general revenue of which 41% comes from SS/Medicare by the way..).. then situations like your back can be managed financially by you!
Say when you were 25 and had the choice to put your SS/Medicare payments deducted automatically from your paycheck and you could ONLY instruct them to
put the $$ into a FDIC bank insured savings. Do you know how much $$ you would have at age 60 to count on for retirement??? Calculate it out as I did for myself and if I had at age 25 in 1967 been given the choice I'd have over a $1 million accumulated by now and NOT in the risky stock market!
You are right about JUST changing the age.Is 60 the New 40?
"Elderly."
Most of us hear the word and think of our parents in wheelchairs," said Marcella Lorfing, who teaches a memoir writing workshop at the Davis Art Center in California. "Now that was elderly."
After a recent Sacramento Bee story described a 60-year-old woman as elderly, one 60-year-old reader called to complain. "What's up with you guys," she asked, "don't you know that's just plain wrong?"
And the statistics, not to mention a cultural shift in attitude in how aging is viewed, back her up.
Those in the 60-and-older crowd are living longer and healthier lives than their parents by adhering to today's doctrines of diet and keeping the mind and body active.
So what is the new elderly?
The consensus seems to be that 60 is the new 40. Or at least a 40 with far different pressures and responsibilities. If not retired, then working with less pressure. The kids are grown and gone. And there's just more time to do fun stuff.
Is 60 the New 40 - Chicago Tribune
OK for those pointy small brained... here is the point!
RAISE Social Security RETIREMENT AGE from 65 to 69 for all those people UNDER 55! GET IT???
See you ignorant liberal/progressive democrats totally forget that SS was started at the time extremely few people lived past age 65!
So SS was betting that MOST workers paying into SS would never use it!
Great CON wasn't it???
BUT we are living longer and we are using up SS faster...
Simply raising the age for ALL workers NOW that are under 55 will save SS extinction by several decades.
As it is now SS trustees projects the demise by 2030!
From the Social Security TRUSTEES.
Social Security and Medicare together accounted for 41 percent of Federal expenditures in fiscal year 2013.
[Note for you ignorami, this means the GENERAL FUND of Federal government spends 41% on SS & Medicare.]
Both programs will experience cost growth substantially in excess of GDP growth through the mid-2030s due to rapid population aging caused by the large baby-boom generation entering retirement and lower-birth-rate generations entering employment and, in the case of Medicare, to growth in expenditures per beneficiary exceeding growth in per capita GDP.
Trustees Report Summary
"See you ignorant liberal/progressive democrats totally forget that SS was started at the time extremely few people lived past age 65!
So SS was betting that MOST workers paying into SS would never use it!
Great CON wasn't it???"
Changing the age just delays the confidence game and foregoes the day of reckoning. In the long run, it would be best to just pay everyone out now and abolish the entire program.
.
What evidence do you have that people "totally forget"? You're hardly the only one with a brain, albeit a sick and twisted one.RAISE Social Security RETIREMENT AGE from 65 to 69 for all those people UNDER 55! GET IT???
See you ignorant liberal/progressive democrats totally forget that SS was started at the time extremely few people lived past age 65!
What evidence do you have that people "totally forget"? You're hardly the only one with a brain, albeit a sick and twisted one.RAISE Social Security RETIREMENT AGE from 65 to 69 for all those people UNDER 55! GET IT???
See you ignorant liberal/progressive democrats totally forget that SS was started at the time extremely few people lived past age 65!
