Quote:
Originally Posted by WIHS2006
I agree, I have long advocated raising the early retirement age to 65 and the full retirement age to 70. I don't see what the problem is, if someone is working a manual labor job they can quit that at whatever age they desire and then work part time somewhere else/work another occupation until they hit 70. My parents recently hired a carpenter to redo the flooring in our living room and the guy is a retired NYPD cop in late 60s who did this part time because he "wants to keep busy" .... he dident seem to have much trouble doing manual labor.
Another proposal I have is pegging the SS retirement age to 5 years of the average life expectancy ... so currently it would be 73.
Back in 1935 it was intended that the average person would receive benefits for 5 years ... assuming they lived long enough (as you mentioned, the average life expectancy was just 61). Today we have a good number of people living as over 20+ years beyond the retirement age. I would venture to guess that the average person today receives benefits for somewhere between 10 and 15 years.
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LOL, where is a 66-69 year old person supposed to get a job? Unless there are new laws with real teeth preventing age discrimination, you are talking about a ridiculous fantasy scenario in which employers are hiring 69 year old people.