Why are people so opposed to raising the benefit age? The system was put in place at a time when people retired at 65 and died at 68. Now many people work well into their 70s, and don't die until 80. The system was never intended to support people for 15 years.
Starting with people who are 30 this year, state that the social security benefit age will be raised by 1 year every two years for the next 10 years until the payout starts at 70.
So if you turn 30 this year, you draw benefits when you hit 66 in 2036. If you turn 30 in 2 years (2007), you draw benefits when you turn 67 in 2039.
Eventually, the system will revert to what it was intended to be - a cushion to keep elderly citizens from dying of starvation in the last few years of their life. It really shouldn't be more than that. Noone should expect to live a reasonable quality of life purely on Social Security benefits.
|