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Author: TwoCybers Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76106  
Subject: Re: Bolivia lowers retirement age from 65 to 58 Date: 12/13/2010 5:55 PM
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While Bolivia is very interesting to know about, I hope you do understand that when Social Security was enacted in 1935, life expectancy was 61.7. I have read, but could not verify that less than 10% of US workers lived long enough to collect. Part of that maybe men's life expectancy is shorter (and in 1935 the labor force was primarily male) plus many people were not part of social security when it was enacted. (i.e. Railroad workers, teachers, many government employees, etc.)

So the idea that the full payment age might increase to 70 would hardly get us back to that situation.

Gordon
Atlanta
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