brianeyci wrote:The problem is simply extending the retirement age might be forward dating the problem ten years.
No, it won't, because more people will die before retiring, and people won't live so many years after they retire.
but unless American immigration increases and the retirement age is literally pushed right to the life expectancy
But that WAS the marker when social security was first started - it was deliberately put near the end of expected life.
Many people can't work past 65 anyway
There is no minimum age on the disability program, which they can apply for if they can not work (my Other Half is doing just that, at the age of 50)
and people may live longer but that doesn't mean the quality of life is any better
Social security was intended to keep the elderly from being completely destitute, it was never intended to guarantee an upper middle-class lifestyle, or even a middle-middle class lifestyle. It was intended to make sure people would have basic housing and food, not luxuries.
[quoe]or that 65 year olds can do the same work as when they were 55.[/quote]
I'm in my 40's and can't do work I could do in my 20's - so what? You have to change what you're doing? Most people do that 3-4 times ANYWAY over their working life.
Immigration isn't going to open up either because of retards who are afraid of "irreversible cultural changes" or other such crap. They want their future to be male white protestant
Too late, for the US. It's gonna happen.
I think the solution is to buy into the boomer's stupidity, to be honest. Offer them early retirement with a vastly reduced pension, and many will take it, thinking short term. Let them retire at 60 if they want but with a pittance, and I guarantee they'll be an immediate washout of all the eldery who are rich enough to take care of themselves but want their money immediately.
That option is already in place in the US, and has been for years. You can retire early and collect reduced social security at, if I recall correctly, 62 RIGHT NOW. Some people take it, some don't. There is also the fact that if you
delay retirement in the US and don't start collecting until 70 you will get MORE per month. Some people do this, some don't.
Personally, I think that if you are ABLE to work you SHOULD work, no mater how old you are. Some people, of course, will be a mess by 40. Others will maintain vigor into their 80's or, rarely, even later.