Social Security and the age thing
In theory, I think raising the Social Security retirement age is one good and logical step toward getting our house in order. After all, anyone my age already reaches full retirement age at 66, not 65. (It is a constant surprise how many younger people don't know that.) In practice, I have reservations, to wit:
1) Can we trust the lap-dogs of the people who have spent the last 30 years cheating--yes, cheating--their workers out of the pensions that they relied on for their retirement? Any tinkering with Social Security has to come with defences against this sort of thing. Putting Congress on Social Security is a good place to start, but it may need more. I've worked for the very rich. I know how they think, and in general they have no problem with older Americans dying by the roadside, as long as someone sweeps up the corpses so they don't frighten the horses. Cut the deck before starting this reform.
2) Living until 90 is a statistical construct, subject to many variables. Depriving the older poor of retirement income and health care is one of those variables. The more the reactionaries get their way, the more likely it is that "years left to live" (a more accurate statistical term than life expectancy) will decline, not increase. Don't make changes based solely upon this one, vulnerable measurement.
3) During my time of un- and under-employment, it has become clear that in the near future most "careers" will run from age 25 to 45. Age bigotry is entrenched in corporate America. If present mindsets are allowed to persist, the nation will have an entire generation greeting customers at Walmart between 45 and retirement age. This just at the time we have made the retirement age a moving target. This too introduces a factor that is likely to cause life expectancy to decline. What if anything will reform do to adjust corporate attitudes and keep people over 45 working?
4) Finally, remember that all those jolly age projections may work for the elite and professional classes, but they aren't realistic for the working class, now. For anyone in the sort of physical occupation praised in TV truck commercials, 66 is a stretch now. Age 90, for men at least, is absurd. I see this every day I work. Time to get out and see how the other half lives before dicking around with anything in the social safety net.
I'll save Keynesian rants about the benefits of deficits for some other time.
1) Can we trust the lap-dogs of the people who have spent the last 30 years cheating--yes, cheating--their workers out of the pensions that they relied on for their retirement? Any tinkering with Social Security has to come with defences against this sort of thing. Putting Congress on Social Security is a good place to start, but it may need more. I've worked for the very rich. I know how they think, and in general they have no problem with older Americans dying by the roadside, as long as someone sweeps up the corpses so they don't frighten the horses. Cut the deck before starting this reform.
2) Living until 90 is a statistical construct, subject to many variables. Depriving the older poor of retirement income and health care is one of those variables. The more the reactionaries get their way, the more likely it is that "years left to live" (a more accurate statistical term than life expectancy) will decline, not increase. Don't make changes based solely upon this one, vulnerable measurement.
3) During my time of un- and under-employment, it has become clear that in the near future most "careers" will run from age 25 to 45. Age bigotry is entrenched in corporate America. If present mindsets are allowed to persist, the nation will have an entire generation greeting customers at Walmart between 45 and retirement age. This just at the time we have made the retirement age a moving target. This too introduces a factor that is likely to cause life expectancy to decline. What if anything will reform do to adjust corporate attitudes and keep people over 45 working?
4) Finally, remember that all those jolly age projections may work for the elite and professional classes, but they aren't realistic for the working class, now. For anyone in the sort of physical occupation praised in TV truck commercials, 66 is a stretch now. Age 90, for men at least, is absurd. I see this every day I work. Time to get out and see how the other half lives before dicking around with anything in the social safety net.
I'll save Keynesian rants about the benefits of deficits for some other time.
Labels: age bias, age bigotry, health care reform, life expectancy, Social Security
posted by Uncle | 14:17
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