Originally Posted by
Ivana Humpalot
Watch CNBC with Phil LeBeau saying serious discussions about raising retirement to 67. 68, or even 70.
Said people are living longer in better health. This getting crazy. I'm sure some senior guys with lots of toy payments and 4 alimony payments might jump at it but this is getting to be ridiculous.
Was this for Social Security full benefits? It is already going up to 66.5. Or was it for Pilot mandatory retirement?
Back when Social Security was established, the ages 65 and 62 were selected. 65 was the average age of death for women. Men only made it to 62, on average. So the odds were you would never get any benefits.
In 1900, the average life expectancy for men in the US was 45.