Barbzzz

Lets stick to the core issue undermining Social Security, that being AGE. In 1938, the debut of the program, the average person only lived to the age of 62. Part of the thinking in the program's development was that most people would never see a nickle of it. On average beneficiaries were dead 3 years before they were eligible to collect. Here we have the underpinnings of a sound program. Low and behold beneficiaries start living longer. At present, the average beneficiary will live to the ripe old age of about 82 (this figure could have been updated to an even higher number). Working Americans are financing the retirement of the average Social Security beneficiary for about 15 years! Despite the meaningless increases currently legislated in the official retirement age, we still have an insurmountable period to finance! Until the "age issue" is addressed, there is NO saving Social Security. Any talk to the contrary is pure poppycock.

Labels: pending disaster, retirement, retirement age, Social Security