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How high will the retirement age go?
MSN Money - U.S. News & World Report ^ | 9/14/2012 | David Francis

Posted on 09/25/2012 5:10:12 PM PDT by Condor 63

In June, Robert Benmosche, the chairman of the insurance giant American International Group, said an increase in the retirement age was unavoidable. What surprised many is how high he predicted the age would go. "Retirement ages will have to move to 70, 80 years old," Benmosche told Bloomberg. "That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth."

(Excerpt) Read more at money.msn.com ...


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: retirement; socialsecurity; unclescam
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1 posted on 09/25/2012 5:10:16 PM PDT by Condor 63
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To: Condor 63

70 sounds about right.


2 posted on 09/25/2012 5:10:52 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Condor 63
It will also drive up unemployment permanently
3 posted on 09/25/2012 5:11:18 PM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Condor 63

Post death.


4 posted on 09/25/2012 5:11:50 PM PDT by freedumb2003 (We can’t just leave it (food choice) up to the parents. -- moochele obozo 2/12/2012 (cnsnews))
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To: Vendome; Condor 63

At the rate we are going, when we are dead and buried.


5 posted on 09/25/2012 5:12:01 PM PDT by PJBankard (I told my friends I was heading to Octermocty for the weekend. They replied... "Wear the fox hat")
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To: Condor 63

Well, for me 61, that’s when I got laid off.....never to be hired again, apparently experience is not a job enhancer.


6 posted on 09/25/2012 5:12:13 PM PDT by svcw (If one living cell on another planet is life, why isn't it life in the womb?)
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To: Condor 63

“Retirement” was a brief late-20th century phenomenon for a couple generations to take advantage of.


7 posted on 09/25/2012 5:13:21 PM PDT by dk88 (Outlaw)
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To: Condor 63

Amen Brother, it will take the burden off youth and put it on the aged.
Work the old farts till they die.

/s/


8 posted on 09/25/2012 5:15:57 PM PDT by Venturer
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To: Vendome

Look, all those folks collecting Social Security Disability - starting when they’re 26 - (bad temper, HIV etc.) and collecting for fifty of sixty years - forces those with jobs to work longer. Dems are thinking in terms of ‘til they drop...’


9 posted on 09/25/2012 5:16:30 PM PDT by GOPJ (You only establish a feel for the line by having crossed it. - - Freeper One Name)
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To: Condor 63

I guess they’ve given up trying to make those who won’t work, to take it up. Instead, their solution is to make those who will, work longer...


10 posted on 09/25/2012 5:16:47 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Condor 63

I know a 74 year old man who still has to work full time as an auto mechanic.


11 posted on 09/25/2012 5:18:24 PM PDT by Nowhere Man (June 28th, 2012, the Day America Jumped The Shark.)
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To: Condor 63

From my observation of the families with the best hope of retirement are the families who avoided divorce.


12 posted on 09/25/2012 5:18:57 PM PDT by Mamzelle
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To: Condor 63

If it was indexed back to the % of people who lived beyond the original retirement age from the 30s, it would now be about 75 or 76. And by the way, that would make the program solvent (assuming we get rid of Obama’s SSI give aways).


13 posted on 09/25/2012 5:20:13 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Vendome

yea, I am 57 I have been looking for a job since I was laid off over 2.5 years ago. I cannot imagine someone older than myself being hired by anyone.


14 posted on 09/25/2012 5:20:55 PM PDT by television is just wrong
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To: TexasFreeper2009

Good point, but.. The retirement age will be a moot point once 0bamacare’s death panels reach full throttle.


15 posted on 09/25/2012 5:21:09 PM PDT by Obama_Is_Sabotaging_America
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To: abb

I guess they’ve given up trying to make those who won’t work, to take it up. Instead, their solution is to make those who will, work longer...”

That is a fairly poignant observation


16 posted on 09/25/2012 5:21:13 PM PDT by ConservativeDude
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To: Condor 63

That will take the burdein off the youth.....

See the way this works is, we have to gamble on the amount of payers in the system that actually live long enough to collect.

In 2011 I attended 6 funerals. It was a tough year. I’m not that old. OF those 6 deaths, only 2 ever collected social security.

Ages:

81
66
63
59
38
45

If you had to try and sell this system to someone today that knew nothing of it and could only you one peice of paper and 90 seconds of explanation, you’d be accused of being selling snake oil.

PRIVATISE IT starting with those under 40 as an option.


17 posted on 09/25/2012 5:21:53 PM PDT by Tenacious 1 (The Click-&-Paste Media exists & works in Utopia, riding unicorns & sniffing pixy dust.)
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To: Condor 63

Well it won’t affect me any. I’ll be 79 in Dec. and still working with no end in sight. It’s good for you to keep working as long as possible. Keeps the old bones moving and the brain working. Besides you still enjoy living because you have a reason to get up in the morning. You don’t feel as if you have been sidelined as the world goes by.


18 posted on 09/25/2012 5:23:00 PM PDT by WVNan
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To: svcw
That can happen. There are other things that tend to make getting to work and staying on the job much more difficult ~ coeliac disease occurs more frequently in those above age 60 than among newborns, although it's a genetic condition ~ this will keep you from commuting unless you get total control on your diet.

Diabetes can stop you cold, as can detached retinas, mini-strokes, arrhythmias, joint degeneration, and so forth.

Try going back to your job that involved intense reading after eye surgery ~ does not work well.

Age 60 seems to be a sort of dividing line for your higher end work in an industrialized society.

19 posted on 09/25/2012 5:24:55 PM PDT by muawiyah
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To: svcw

I’m 61, as well. Thank God, though, I still have my job. However, I’ll be damned if I have to keep working to 70 or 80 just so punk ass miscreants and ne’er-do-wells who have been collecting SSDI since their 20s can continue to sponge off folks who have worked their entire adult lives. I will not continue working just to fund those shits. If you’re 65 or older, then you’re entitled to collect. If you’re a punk-ass then get off your fat duffs and get a job or create one!


20 posted on 09/25/2012 5:24:55 PM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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