Quote:
Originally Posted by GenuineRisk
It's easy for those of us who work mostly at a desk to envision working two more years, but we're also the ones who won't need SS quite as desperately, because we (one hopes) have been saving for retirement. The retirees who depend most on SS tend to be workers who spent their careers in lower-paying, more physically taxing jobs. Two more years of work for them often means higher health care costs, which ends up being more expensive than two years of SS payments.
Raising retirement ages is bad for the nation all around. The more elderly that work, the fewer jobs for the young. And the young have a lot more energy with which to cause trouble when they have no jobs.
In addition, a lot of people over 50 who are now unemployed will never work again, due to companies' reluctance to hire older workers. They will also be a huge drain on our economy, through no fault of their own. And the longer before they can collect SS and go on Medicare, the more expensive they will be later, due to poor living conditions and health problems they couldn't address sooner.
Our nation is facing a much more serious issue in long-term unemployment than it is in SS.
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i don't know about your last sentence....ss is headed for trouble.
i don't know what the best situation would be. i have made the same point, that people retiring are leaving a job for someone who needs it. but when you consider the vast amount of people about to retire, and the fact that those coming behind are of a lower number.....and how many of those now or about to retired are prepared? what would two more years do by waiting, versus not? certainly something to consider. if it's not mathematically feasible, than it's not feasible. but maybe it is.
and my husband certainly isn't a 9-5'er. makes good money, but he certainly isn't a desk jockey by any means. but then, we're not planning to survive on ss either.
i think the biggest problem regarding ss is too many assumed it would be all they'd need. people are living longer and longer, and taking far more out of that system than they ever put in. negative ROI can't continue forever.