Skip to comments.How high will the retirement age go?
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 ...
70 sounds about right.
At the rate we are going, when we are dead and buried.
Well, for me 61, that’s when I got laid off.....never to be hired again, apparently experience is not a job enhancer.
“Retirement” was a brief late-20th century phenomenon for a couple generations to take advantage of.
Amen Brother, it will take the burden off youth and put it on the aged.
Work the old farts till they die.
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...’
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...
I know a 74 year old man who still has to work full time as an auto mechanic.
From my observation of the families with the best hope of retirement are the families who avoided divorce.
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).
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.
Good point, but.. The retirement age will be a moot point once 0bamacare’s death panels reach full throttle.
I guess theyve given up trying to make those who wont work, to take it up. Instead, their solution is to make those who will, work longer...”
That is a fairly poignant observation
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.
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.
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.
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.
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!
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