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View Poll Results: People are living longer, so they should work a full time job longer.
Yes, in most cases, I think that is true 27 24.32%
Maybe but only people who work in white collar non physical jobs 23 20.72%
NO! Because there is a shortage of jobs and lets give the young people a chance to work at them 61 54.95%
Voters: 111. You may not vote on this poll

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Old 01-11-2017, 08:58 AM
 
Location: Living on the Coast in Oxnard CA
15,754 posts, read 26,805,354 times
Reputation: 20403

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Quote:
Originally Posted by Curious Investor View Post
The media tells us we are all living longer. There has also been lots of news stories about the glories of working until your 70s. It use to be the media loved to talk about the glories of early retirement but their narrative has changed and now they glorify people who work in their retirement. Their logic is: People are living longer so they should work longer.

On an intellectual and emotional analysis, what do you think about the viewpoint that because people are living longer, they should work full time longer?

And do you think the most Americans have the energy and general heath to work full time into their late 60s and early 70s?
I am 51 and hope to be working till I hit 93. That will give me just over 60 years here at the Hospital.
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Old 01-11-2017, 09:00 AM
 
911 posts, read 714,523 times
Reputation: 2859
Maybe we are living longer, but we are still limited by plain physiology. The body wears out, it wasn't made to last forever. Eyesight, hearing, knees, and hips all fail. If I can become the Bionic Woman, ok, I'll work.

But, even if I am the Bionic Woman, employers still don't want you after around 55.
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Old 01-11-2017, 09:55 AM
 
Location: Proxima Centauri
4,836 posts, read 1,995,739 times
Reputation: 5276
Quote:
Originally Posted by mathjak107 View Post
if anyone thinks working or finding a job is hard in your 50's or 60's just try it at 80 when you need the money because you were to under funded
Good Point!
Everyone who thinks that the privatization route is preferable with Social Security should see your post.
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Old 01-11-2017, 10:09 AM
 
4,315 posts, read 2,533,010 times
Reputation: 7686
Quote:
Originally Posted by IheartWA View Post
Maybe we are living longer, but we are still limited by plain physiology. The body wears out, it wasn't made to last forever. Eyesight, hearing, knees, and hips all fail. If I can become the Bionic Woman, ok, I'll work.

But, even if I am the Bionic Woman, employers still don't want you after around 55.
I had a good friend who was a union carpenter on big projects.
He was early 60's, strong, in great shape.


He stated 30 years ago ( in his early 30's) he would be the last union carpenter laid off in fall and the first called back in spring ( Minnesota)


Now, in his 60's, he stated he is the first laid off in fall and the last called back in spring.


He may be smarter than when he was in his early 30's but he doesn't move as fast as he did in his 30's.


It will be hard for him to make today's current retirement age............let alone adding a few years.
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Old 01-11-2017, 10:27 AM
 
Location: Spring, Texas
137 posts, read 65,872 times
Reputation: 285
Poll is unsatisfactory

Question that matters: "Can you afford to retire"
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Old 01-11-2017, 10:47 AM
 
Location: Haiku
4,188 posts, read 2,599,410 times
Reputation: 6166
None of the above.

People "should" not do anything other than what works best for them. There is no "should" here. If they need to work longer due to financial issues, than work longer. If not, then don't.

If people are living longer than it will affect the economy which will then affect everyone in various ways. The system is largely self-regulating and it will be obvious to each individual what is best for that person's so-called utility function, i.e., best balance of economic and personal factors.
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Old 01-11-2017, 11:23 AM
 
Location: Living on the Coast in Oxnard CA
15,754 posts, read 26,805,354 times
Reputation: 20403
I would rather be financially set and working then to be retired and need more money.
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Old 01-11-2017, 12:13 PM
 
Location: Nescopeck, Penna. (birthplace)
12,351 posts, read 7,523,628 times
Reputation: 15955
Quote:
Originally Posted by luzianne View Post
I think Social Security is way too low. Why are railroads able to pay their employees 80 percent or so of their final working salary after they retire, and they can retire at age 60 or so, and people on Social Security get nowhere near that and have to work longer? Maybe the government should model Social Security after railroad retirement programs.
Because the railroad industry is very different from your local C-store, fast-food joint, or similar "post-industrial" employer.

Railroads, like utilities and oil-and-chemical plants, involve a huge amount of capital invested per worker, and the nature of the business, with a high potential for serious injury in the event of an accident, makes the industry very safety- and discipline-conscious. Few railroaders earn less than $50K, and often, two or three times that, but in return, an operating railroader sacrifices much of his (the work force is overwhelmingly male) personal life to a regimen that makes him available for duty on two hours notice, at any hour of day or night.

In addition, this schedule tends to take a toll on health -- until fairly recently, railroaders were notoriously heavy smokers; the irregular schedule made for unhealthy eating habits, and sometimes, use of liquor or medication in order to sleep. Over-the-road truckers face similar problems -- but not quite as much since hours-of-service regulations were reformed in the late 1980's.

Finally, it should be noted that present-day railroad employment is only about one-third of what it was in 1965, and one eighth of the 1945 figure. A rapidly-shrinking labor force which is prone to dying off without collecting benefits for too long leaves a larger pool of funds for a much smaller group of future retirees.
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Old 01-11-2017, 01:04 PM
 
Location: RVA
2,172 posts, read 1,271,519 times
Reputation: 4492
And the Railroad industry is not the poster child for fiscal superiority either. They are always on the verge of bankruptcy. Their generous (if you live long enough) benefits harken to an age when people used to use the word "harken".
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Old 01-11-2017, 01:16 PM
 
Location: Denver CO
21,205 posts, read 11,826,310 times
Reputation: 32223
The government already told me I need to work longer, my full retirement age for social security is 67, so that already puts me into my late 60s. Not going to cut my benefits and stop earlier just because someone else thinks they are entitled to my job. Plus I enjoy my work. It's an office job so not physically strenuous but provides mental stimulation.

While recognizing things can change, I hope to work until 70 and then do some part time/consulting work after that.
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