You first, doc.
Along with timeframes until things lapse into the public domain, they just keep moving the goalpost, don't they?
However, just think of the millions of Generation Xers that will have to toil for an additional 20 or 25 years under the baby boomers. They will go absolutely bonkers.
A 75 year mortgage? He must be building an alabastor castle with gold faucets and Italian marble toilets.
For $2,000 you can build a fine 8 x 10 shack. As you save more money, add onto it. In 5 years you'll have 40 x 50 shack. No mortgage necessary.
I guess the Social Security Administration hopes the same thing.
Great, we'll have Alzheimer's victims still working at their jobs.
The pendulum is swinging in the opposite direction. In the not-so-distant past we had child labor abuses, in the future we'll have bosses standing over grannie with a riding whip.
I retired when I was 46 and not being able to immediately start collecting S.S. & Medicare was not an incentive to continue working.
Anyway, I'd love to see both of those programs fall flat on their a$$es and die.
They told me my life expentancy was determined by my genes, and the longer my parents lived the longer I would live. What they didn't tell me was how expensive it was going to be keeping my parents on life support till they were 110.
I think a more reasonable goal is 70, especially since with modern medicine and today's far better understanding of how to maintain good health with a decent diet, good exercise and avoiding overindulgence of alcohol and less people smoking will allow people to live far longer than before.
Socialist-speak for WE NEED MORE DEAD AMERICANS.
Compare to life expectancy when SS was established in the 30s....
In recent months we have witnessed several articles all making some bogus claim about life expectancy to rise to 150 or higher by the year 2050 or 2100.
The only problem with their projections is that they are using the same computer models that the global warming crowd uses to predict that temperatures will rise by 5 - 10 decgrees C in the next 50 - 100 years.
Still waiting for solid, scientific proof of any appreciable temperature rise. Not holding my breath for the life expectancy increase. I am also troubled that the claims of increased life expectancy make so prediction of vastly improved health at age 85 - only increased life expectancy. If I am 85 and in poor health and still expected to work - I think a lot of folks are going to be greatly disappointed - 'cause it ain't happenin'.
Wandered into a Sharper Image store the other day at a local mall. An older gentleman approached me and asked if he could help me, I happened, at the moment, to be standing near a display of upper end massage equipment when I said "Oh I'm just looking ... thanks". He then asked if I had ever tried the massage equipment picking an item up and demonstrating it for me. What a salesman; he went on to tell me about a great foot massager as well ... turns out he's 83 years old and married (to the same women) sixty four years. Long and short of it, I'm sold ... I'm taking my wife back later today to pick out a foot massager ...
"The age of retirement should be raised to 85 by 2050 because of trends in life expectancy, a US biologist has said."
Well, aren't you special, Mr. Biologist. How about, let's just raise retirement age to 300, then we'll be guaranteed that no one will be around to collect benefits...
I think most members of the middle class, even middle class liberals, will choose to dump the welfare state rather than their own parents
And the difference between a 30 year and a 75 year mortgage is how much a month when you factor in a premium on the interest rate for long-term loan?
On $200,000 loan for 75 years at 6.75% the payment is $1,132. Same loan, 30 years at 6% is $1199-- difference of $67 per month.
Oy, now I'm feeling very tired. Thank goodness Monday is a holiday.
Happy President's day folks!
There was a time the average American only lived into their 50's. Today, and every day, we are being warned that absolutely everything from second-hand smoke, guns, SUV's, fast food, every chemical known to man and all things pleasurable, are killing us in record numbers.
The only way to save ourselves is to have more regulation, eat organic food and return to the horse and buggy days.
But people are living longer than ever before. And guess what? Most people who were born and lived thru the days of no regulation, are also living longer.