Not being able to do the job you've chosen as a career isn't necessarily the same as not being able to work. And, not all people age the same. An extreme example are professional athletes. They may only play into their 30's, but go on to do other things. My mother-in-law retired from fairly stressful banking job and then worked for 5 or more years at a preschool.Are you saying the SSA retirement age should be raised until at or after current life-expectancy? My mom retired at 68. She is about to turn 80. She was barely able to manage a HS class at 68 and no way she could have done it until she was 77.
And life expectancy from birth in the 1930s was skewed by much higher childhood mortality. People who survived to 65 even then could expect to live over a decade more, which was the majority of Americans (though a smaller majority then than now). As SSA charts indicate here:
Is there anything that those who benefit most from social security should have to do to save the program?
So the people that benefit the most are people that get say 50% (pick a different number if you want) or more of their income from Soc Sec Lost of folks get 100%
If the answer always seems to be tax the rich more, we don't seem to be doing a very good job of it.
When the difference between the 1% and the middle class isn’t so historically disproportionate? We set up the rules to make those at the top get more and more wealthy while this in the middle have stayed the same. What’s wrong with making more tweaks to the system to level that playing field?
Of course once you get past the age of 65, you’re generally going to have a harder to time finding an employer who wants to hire you (unless you’re applying to be UNC’s head football coach). And when there becomes a time where there a lot more 65+-year-old people trying to find jobs, it gets even harder. And that’s before factoring in how technology/AI will impact the job market. There are a lot of moving pieces to consider.
That’s also an interesting factor to consider (people’s abilities to perform their jobs as they age). From what I have observed, it seems that most people can remain highly competent at their jobs through their 60s (though that is likely not the case with jobs that require manual labor). Obviously everybody is different. I have noticed fairly sharp declines in job performance with people who work past 70.Are you saying the SSA retirement age should be raised until at or after current life-expectancy? My mom retired at 68. She is about to turn 80. She was barely able to manage a HS class at 68 and no way she could have done it until she was 77.
And life expectancy from birth in the 1930s was skewed by much higher childhood mortality. People who survived to 65 even then could expect to live over a decade more, which was the majority of Americans (though a smaller majority then than now). As SSA charts indicate here:
There is a cap for SS. Remove the cap and SS will be fine.
To some degree yes. You speak from a very middle or even upper middle class point of view. Costs of buying a home are out of this world at this time unfortunately for first timers.
People who have incomes that greatly surpass $176k are the ones who are benefiting the most from the current structure.