Quote (bogie160 @ 11 Jan 2023 08:18)
They just won the popular vote, and reform is good! We need to raise the benefits age because we live a lot longer now than we did, and our nation is getting much older, so a program based on a defunct population pyramid is no longer a good fit. The average American lives 14 years longer than they did, and there's no longer as many young workers as a share of the population. Math is tough, but unfortunately something has to give.
The big problem with this is that we did not gain 14 additional years of prime working age; the additional lifetime has come at the end when people are elderly and typically net transfer recipients. Simply put, a lot of people aren't capable of performing their jobs into a higher age. Think of construction workers, nurses or firefighters - those are jobs that one just cannot perform anymore at age 70+, no matter how many years of statistical life expectancy in a nursing home might still remain after retiring.
This post was edited by Black XistenZ on Jan 11 2023 01:29am