limpyhobbler (1,025 posts) Profile Journal Send DU Mail Ignore
1. i reject this proposal.
maybe in Sweden. I don't know. But not in the US please.
Have of us wouldn't live to see retirement.
Perhaps the DUmmie is unaware of a few minor facts:
--In 1937 the average lifespan was about 61.0 years for men, and 65.0 years for women (caucasians). If you were black, your life expectancy would have been about 51/55, respectively, meaning you had a significantly LESS than 50/50 chance of ever seeing retirement age.
--If we had adjusted retirement age along with life expectancy, today the retirement age would be almost 76 years for men, and 81 years of age for women.
So yeah, that was kind of the whole ****ing idea--take a bunch of money from people who were likely to never see it and give it to people who hung on just long enough who hadn't done sufficient retirement planning of their own.
And in the process, folks like me who have paid into it all our lives are going to be told in 20-25 years, "Sorry, you're SOL."
Here's a wild idea--how about DOING YOUR OWN ******* FINANCIAL PLANNING???