g5000
Diamond Member
- Nov 26, 2011
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I've been advocating the raising of the SS and Medicare eligibility ages for a very long time on this forum. The age should be raised to 70 and indexed to 9 percent of the population going forward.SS and MC were started in 1934 and 1965 respectfully. In 1934 job were much more physical and people’s bodies broke down starting in their 50s. Nowadays go to any company and you see people working well into their 70s… heck even construction are less strenuous on the person’s body. The trend is only going to increase. In addition, medicine is getting better and people are living longer. This reality should be recognized.
In addition it is much easier to take care of oneself and eat better and feel better at older ages.
Our safety nets need to reflect this new reality.
When Social Security was enacted, the average life expectancy was 60. Most people weren't expected to live long enough to collect! Only 5.4% of the population was over 65. That weight was easily handled.
In 1965, when Medicare was enacted, life expectancy was higher and so 9 percent of the population was over 65. Not too bad, and this is where I get the 9 percent figure from.
Today, nearly 16 percent of the population is over 65. A near tripling of the debt load since the enactment of Social Security.
A larger and larger percentage of Americans are dipping into the Treasury while a smaller and smaller percentage of the population is supporting them. This trend is simply unsustainable.
No wonder Social Security is going broke!
We are living DECADES longer than our ancestors. It is common damned sense we should be working longer.
In my opinion, anyone opposed to raising the retirement age is an entitlement leech.