Raise the age to obtain full social security benefits, says Brett. A few thoughts on this, since I retired in 2021 and have seen both sides now. To borrow further from Joni Mitchell, I really don’t know finance at all. Here they are:1. The average lifespan in the US is 78. That is as high as it is primarily due that wealthy people live much longer due to access to great health care. I’m sure I’m not alone in this, but have several friends in their 70’s who are on Medicare. They’ve already been put out to pasture. Raising the SS age will shorten those golden years to about 10 for a lot of people. Health care in this country, particularly for the poor and old, isn’t very good.2. Re Gail’s point about construction workers and other jobs that require physical exertion, many of the people who work these jobs have bad joints, damaged muscles, and are no longer capable of even being greeters at Walmart. What would Bret suggest they do, write code?3. 40 percent of retirees count on SS for their entire retirement income. Many workers now over the age of 50 have no retirement savings, because it costs too much to live. So this percentage isn’t going down in the future. What’s to become of people who work for 46-48 years, and cant make ends meet.The problem is a difficult one, but there are thankfully less Gen Xers than Boomers, by about 20 Million people. That will ease things somewhat, but ONLY if the corporations and wealthy are taxed. Starting very soon.

Raise the age to obtain full social security benefits, says Brett. A few thoughts on this, since I retired in 2021 and have seen both sides now. To borrow further from Joni Mitchell, I really don’t know finance at all. Here they are:1. The average lifespan in the US is 78. That is as high as it is primarily due that wealthy people live much longer due to access to great health care. I’m sure I’m not alone in this, but have several friends in their 70’s who are on Medicare. They’ve already been put out to pasture. Raising the SS age will shorten those golden years to about 10 for a lot of people. Health care in this country, particularly for the poor and old, isn’t very good.2. Re Gail’s point about construction workers and other jobs that require physical exertion, many of the people who work these jobs have bad joints, damaged muscles, and are no longer capable of even being greeters at Walmart. What would Bret suggest they do, write code?3. 40 percent of retirees count on SS for their entire retirement income. Many workers now over the age of 50 have no retirement savings, because it costs too much to live. So this percentage isn’t going down in the future. What’s to become of people who work for 46-48 years, and cant make ends meet.The problem is a difficult one, but there are thankfully less Gen Xers than Boomers, by about 20 Million people. That will ease things somewhat, but ONLY if the corporations and wealthy are taxed. Starting very soon.

user
no
assistant