Should Musk/trump raise the retirement age?

[AProudLefty]

Who's that?

You know who.

 

[Diesel]

You do realize that only 30% or so of the federal budget is allocated to discretionary spending, and half of that is for the military, so how are you going to cut Government spending in half?

MAGA cannot be bothered by pesky details.

 

[Walt]

Who's that?

That is a hint of things to come. A year or two from now, the alt right will all be claiming to never have heard of Musk. They may even run out of other people to blame for trump's failures, and decide never to have heard of trump.

 

[Diogenes]

That is a hint of things to come. A year or two from now, the alt right will all be claiming to never have heard of Musk.

Is that so?

Who's gonna win the Super Bowl, Salty?

 

[NiftyNiblick]

In 1983, it was decided to raise the retirement age by 2 months for every year born, until it reached 67 for people born in 1960. So people born in 1960 will reach full retirement age in 2027. This seemed like a reasonable deal, given that life expectancies were rising by an average of 3.5 months per year back in 1983.

Life expectancies are rising by a current average of 12 days per year, and look set to start decreasing. So talking about raising retirement age now would mean a double whammy of losing time in retirement.

And there would be no time to plan around it. The 1983 plan gave people 25 years to plan around a 2 month increase in retirement age.

If Musk/trump continues the increases for people born after 1960, they will have only 2 or 3 years to plan around an increase in retirement age.

I retired at 55, but didn't start receiving either SS or Medicare until later. I did have a little pension, however.

The life expectancy in socially regressive America is lowering, not rising.
Nobody should have to work before twenty-five or after 55.
I've enjoyed a twenty-three year retirement, with maybe a little still left,
and that looks as if it may not be in the cards for today's young people.
That sucks.