What if an announcement was made that the new retirement age was no longer 65, but
85? What would you do? Can you even imagine working until you are 85?
It is a possibility. I read this yesterday at work:
http://www.livescience.com/humanbiol...ire_later.html
ST. LOUIS—A person entering the workforce today in America might face a much longer career than Mom and Dad.
Life expectancy in the United States is now around 78 years. But if anti-aging therapies prove to work as well for humans as they have for worms, flies, and mice in laboratories, by the year 2050 people might routinely reach the ripe old age of 120.
That could place a tremendous burden on the economy if people continue retiring at 65 or earlier.
The retirement age might have to be boosted to 85 to prevent economic collapse, figures Shripad Tuljapurkar of Stanford University.
Do the math
There are 285 million people in the United States, with the median age around 36. Every two people over the age of 65 depend on money garnered from the wages of 10 working people age 20 to 65.
What If The Retirement Age Was Moved to 85?
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