When SS started, benefits did not kick in until you had outlived the average life expectancy stat.
This is why they are incrementally bumping it up in the U.S. It really needs to be 70.
There shouldn’t be such Ponzi schemes to begin with. They knew that they would be able to do funny stuff with the figures.
If Social Security is to be set at Life Expectancy, then the retirement age needs to be 83.
Works for me. Nobody should be counting on Social Security.