Baby Boomers and Social Security

[chicago]

This leads to a simple solution. Raise the minimum age for benefits to 75 and the problem is solved.

The problem with that sort of thing is in the reality that different people will be at unique places as they age. An 80 year old may be fully capable of working while a 65 year old may not be able to keep up much of a schedule. Part of the problem also depends upon what kind of work one might be able to handle. The heavy laborer likely needs to retire by his mid 60s and won’t be able to support himself working at Wal-Mart till he can get benefits.

It seems to me that the real solution is in a restoration of the extended family and the availablity of a “non-working” population which is able to help care for neighbors for readily rather than reliance upon a sort of hyper independence which only fosters more lonliness and higher costs as everyone is forced to produce more.

 

[goofyjim]

Another big part of the Social Security crisis is that the government raided the trust fund for the past 30 or so years to balance it’s budget. Otherwise the money might still be there. And this includes politicians on both sides of the aisle so there are no innocents here.