Erik Reuter wrote:
>
> On Sun, Jun 29, 2003 at 05:50:19PM -0700, Gautam Mukunda wrote:
>
> > (although the chance of intelligent reforms now is fairly small, since
> > Social Security privatization has gone out the window
>
> Social Security privatization isn't likely to help the problem I'm
> talking about. I'm referring to the problem of only 1.5 workers per
> retired person (if retirement stays at 65) in 2050. But perhaps that
> just means that people will delay retirement to 75, and by then the
> worst of the age wave will have past.
Social Security retirement age is being increased very gradually. Too
gradually, if you ask me -- I'll theoretically be able to collect full
benefits at 67, rather than 65. Of course, that'll be before 2050. I
think that in order to keep the system running, retirement age for me
ought to be more like 70.
Julia
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