I agree 100 percent on a multi generational plan. What also needs to be addressed is that people are living a LOT longer than when SS was implemented. Private accounts are more in line with capitalism, and if not that then the retirement age must be lifted. It is a huge issue to tackle. Or we could decimate the ranks of federal employees and their ridiculous pensions. But like Pelosi said “there is no room left to cut” even though a recent report stated that HUGE numbers of federal employees dedicate their whole day to union activities.
With drones and security cameras getting affordable, I believe that many seniors could supplement their income by working at home on computers — maybe just 20 hours a day total with flexible hours and better pay for unpopular time periods or to fill absentee slots.
They could coordinate with corporate supervision, local police, stores worried about shoplifting, parking lot security, counter-terror, etc. There would need to be occassional alertness tests. That’s about it. That could be automated.
If we wipe out crime, that’s a boost to the economy. Even more importantly, if we wipe out on-the-job apathy, that’s a HUGE boost to our economy.
But we must quit penalizing low income households regardless of age for working. It should be a big ‘plus’ for them, at least for five years. Workfare on steroids.