Extending the retirement age beyond 65 only works if there are jobs for people aged 65 and older to do. Current administration economic policies have killed off job creation in this country. Many people are “retired” today in their 50’s and early 60’s because they can’t find jobs, not because they want to be retired.
You are 100% correct. Also do not forget that jobs open for new workers when older workers retire. Boost the age and the jobless rate will never go below 10%.
I've been taking to calling it my career sabbatical. I'm too old to get hired at what I used to do, too young to really retire, and recently realizing too feeble to keep up with what I am currently doing...
So, I am starting, my own business.