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Old 08-30-2023, 07:19 PM
  #591  
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Originally Posted by rickair7777 View Post
It appears that those entering the industry *this* decade should not *have* to fly past 55 if they don't want. If they want to, that's different.

But folks much over 40 did not enjoy the meteoric trajectory you have today. I personally enjoyed about a decade in the right of regional airfcraft and that was back when it didn't pay six figures... on the low end of five figures
Meteoric trajectory? You mean, on collision course to earth but you burn and die before you hit it? I sure hope my career does not have a meteoric trajectory
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Old 08-31-2023, 02:11 AM
  #592  
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A picture is worth a thousand words

Just think if the retirement age was 78 how much Social Security would be helped out. Only 0.9 yrs of payments needed
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Old 08-31-2023, 04:31 AM
  #593  
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Originally Posted by OOfff View Post
Eight words: the president doesn’t have line item veto power
That would be a disastrous short circuit of the the separate branches of government.
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Old 08-31-2023, 06:52 AM
  #594  
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Originally Posted by resa View Post
A picture is worth a thousand words

Just think if the retirement age was 78 how much Social Security would be helped out. Only 0.9 yrs of payments needed
Social security was started in 1935. The average life expectancy in 1935 was 59.9 for males and 63.0 for females. https://u.demog.berkeley.edu/~andrew/1918/figure2.html There was no early retirement age at 62; that change took place in 1956 for women and 1961 for men.
Changing retirement age to 80 for Social Security would be more appropriate if you're using current life expectancy and want to match years in retirement when the program was started.

The notion of living a long time in retirement is a relatively recent concept.
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Old 08-31-2023, 07:14 AM
  #595  
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Originally Posted by Andy View Post
Social security was started in 1935. The average life expectancy in 1935 was 59.9 for males and 63.0 for females. https://u.demog.berkeley.edu/~andrew/1918/figure2.html There was no early retirement age at 62; that change took place in 1956 for women and 1961 for men.
Changing retirement age to 80 for Social Security would be more appropriate if you're using current life expectancy and want to match years in retirement when the program was started.

The notion of living a long time in retirement is a relatively recent concept.
Work until you die. Sounds good.
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Old 08-31-2023, 08:11 AM
  #596  
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Originally Posted by Andy View Post
Social security was started in 1935. The average life expectancy in 1935 was 59.9 for males and 63.0 for females. https://u.demog.berkeley.edu/~andrew/1918/figure2.html There was no early retirement age at 62; that change took place in 1956 for women and 1961 for men.
Changing retirement age to 80 for Social Security would be more appropriate if you're using current life expectancy and want to match years in retirement when the program was started.

The notion of living a long time in retirement is a relatively recent concept.
Does that chart exclude infant mortality? The concept that people in the past used to live much shorter lives is usually rooted in including infant mortality in life expectancy. The data you really want is how long does the average person who survived until adulthood live.
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Old 08-31-2023, 08:20 AM
  #597  
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Originally Posted by Andy View Post
Social security was started in 1935. The average life expectancy in 1935 was 59.9 for males and 63.0 for females. https://u.demog.berkeley.edu/~andrew/1918/figure2.html There was no early retirement age at 62; that change took place in 1956 for women and 1961 for men.
Changing retirement age to 80 for Social Security would be more appropriate if you're using current life expectancy and want to match years in retirement when the program was started.

The notion of living a long time in retirement is a relatively recent concept.
This is correct. But I'd chalk up extended retirement to societal advances... it's not just an unintended consequence of healthcare and healthy living, it's a good thing.
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Old 08-31-2023, 08:27 AM
  #598  
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Originally Posted by DarkSideMoon View Post
Does that chart exclude infant mortality? The concept that people in the past used to live much shorter lives is usually rooted in including infant mortality in life expectancy. The data you really want is how long does the average person who survived until adulthood live.
I don't think the chart excludes infant and youth mortality, the 1998 number looks too low.

Even in this century infant and youth mortality is a big factor. Plenty of death by crime and misadventure in men under age 40, then it tapers off quite a bit.

For our discussions we should really be looking at what's the life expectancy for upper middle class professionals over age 40, who tend to live healthy and have access to good healthcare.

Those numbers should work for airline pilots under 40 too... they don't participate in much gang violence, and if they do adventure sports they are typically more methodical about it than the average yahoo.

Actually it's the women, who statistically live six years longer than men, who might have an incentive to work longer.
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Old 08-31-2023, 10:19 AM
  #599  
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Originally Posted by CBreezy View Post
Work until you die. Sounds good.
You depending on social security are you?
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Old 08-31-2023, 10:22 AM
  #600  
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Originally Posted by CBreezy View Post
Work until you die. Sounds good.
That's the way it's been through most of history.

Originally Posted by DarkSideMoon View Post
Does that chart exclude infant mortality? The concept that people in the past used to live much shorter lives is usually rooted in including infant mortality in life expectancy. The data you really want is how long does the average person who survived until adulthood live.
You'd have to contact the author of that webpage for that detail.
Or you can post a link to life expectancy data that starts at adulthood.
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