Social Security was designed for a nation with a life expectancy in the 60s. The plan was that not many would ever get what they were taxed for. Now it has increased by about 60% or about 30 years. But the years after 85 have also increased. If we want to save the safety net that many poor and low income rely on, the retirement age needs to be raised, as well as the Medicare age.
http://www.elderweb.com/book/appendix/1900-2000-changes-life-expectancy-united-states
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2 comments:
Murray sez:
Raising the age is a must for any chance of S.S. survival. But then so is stopping speding and waste if our great country is to survive. Easy enough solutions unless your too stupid or afraid of the false threat of not being re-elected!
No one would listen to Bush when he proposed changes.
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