Social Security

[noonereal]

Originally Posted by Boreas

There are persuasive arguments on both sides of this. The argument in favor of increasing the retirement age is that the system was never intended to provide benefits for 10 or 20 years as it does now because people live longer. When Social Security was introduced, average life expectancy was much lower. The government was figuring on only having to pay for a few years.

http://www.infoplease.com/ipa/A0005148.html

The argument in favor of lowering the retirement age is that, by doing so, we create more vacancies for young people entering the work force. this can be critically important during a period such as this one when young adults are graduating from college buried in debt and unable to find a job.

Good post