Pyro as Bill said:
No, the system worked when a 50-60 year old would work until his undiagnosed cancer or heart condition didnt have modern medical treatment at it's disposal and drop dead. Today we have 50 yr olds with a bad knee retiring and living comfortably til theyre 70 and then needing hundreds of thousands per yr in healthcare costs without selling the 6 bedroom house they live in alone while house prices go wild and people in their 20s are living 10 per house. You're not moral if you ignore reality and think stealing from the productive is the answer to all issues. |
Are you arguing that it is solely due to an increasing life expectancy that the age-demographics have shifted and birth rates have nothing to do with this shift? I want to hear you saying this before we actually quantify the effects.
How many "50 year olds with a bad knee are retiring?" What proportion of Gen Xers are currently retired? What do you think the average income and wealth of the 7% of 50 year olds who are retired is? Is the average age of retirement decreasing or increasing? Actually I'll answer that last one.







