Retirement is good. I haven’t felt like going to work a single day this week. I’m thankful that I don’t have to. Been there, done that. Enough!
When I say, hear, or read the words “Social Security” or “Medicare,” my reaction is:
“Thanks to God and the Democratic Party.”
Some say Social Security benefits need to be reduced because people are living longer.
We’ve always had old folks — eighty years, ninety, one hundred, and even higher. Nothing new under the sun. But are more folks living to advanced ages than ever before? Probably, because the population is larger than ever. But just because nearly everyone knows someone very old, that doesn’t mean that everyone is living deep into old age.
“Are people living much longer in retirement? Or is the truth, now and always, that a few people with good genes and good luck make it to old age?” — From “Me And The Blog”
I personally have known more people in the Boomer generation who died at 60, 62, or 66, to pick a few numbers. Boomers are dying in their forties and fifties. All the folks who die young paid into Social Security every week since they began working. They’re never going to collect a penny. Those who die in their sixties draw benefits only briefly. Who gets the money?
Who gets the uncollected old-age benefits of the masses of people who die young? Seems to me that more Baby Boomers are dying in the fourth, fifth and sixth decades of life, than will make it to the eighth and ninth decades.
Seems to me that the many who die young balance out the few who grow old. I’ll leave it to an enterprising young auditor who understands actuarial data to figure it out.
— John Hayden