Marini
Posts: 3629
Joined: 2/14/2010 Status: offline
|
quote:
ORIGINAL: TheHeretic What was the average life expectancy when the program was created, and when the age was set at 65? Great point Rich, in the article it explains that the age to recieve social security SHOULD be raised, but gradually!!!! This copied and pasted from the article: " "Modernizing the Retirement Age. When Social Security was enacted, the average life expectancy for men in America was 60 years; for women it was 64. Today, average life expectancy has increased to 75 years for men and 80 years for women. Life expectancies are expected to continue lengthening throughout the century. Given these facts, and the choice among many Americans to work additional years, this proposal extends the gradual increase in the retirement age, from 65 to 67, occurring under existing policies, and speeds it up by 1 year. Once the current-law retirement age reaches 67 in 2026, this proposal continues its progression in line with expected increases in life expectancy. This will have the effect of increasing the retirement age by 1 month every 2 years. The retirement age will gradually increase until it reaches 70 in the next century." from the article "Class Warfare Fix for Social Security" by Andrew Leonard. The age should be raised GRADUALLY, by 1 month every 2 years, and the retirement age will gradually increase to 70.
_____________________________
As always, To EACH their Own. "And as we let our own light shine, we unconsciously give other people permission to do the same. " Nelson Mandela Life-long Democrat, not happy at all with Democratic Party. NOT a Republican/Moderate and free agent
|