Retirement age and Social Security
There is a story in today's New York Times titled The New York Times >Social Security Underestimates Future Life Spans, Critics Say. I was thinking about this recently. Yesterday on the radio I heard a story about the increased number of people over 65 committing crimes in Germany. The pension has been frozen for the last few years. Older people are under stress to come up with more money.
When our current retirement systems were set up, people did not live as long. People did not live 20 years after they retired. That is very common now. I can foresee by the end of my life, the retirement age will be 72. I see no other way things can go. The longer people live, the longer they will have to work.
When our current retirement systems were set up, people did not live as long. People did not live 20 years after they retired. That is very common now. I can foresee by the end of my life, the retirement age will be 72. I see no other way things can go. The longer people live, the longer they will have to work.
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