There's one of the main problems right there.
Retirement age should be raised to 70, especially in light of the fact that today's life expectancy is so high.
What's a retired person at 58 gonna do for the next 30 years of their life...mope around the house? Likely most would be happier working. And, if not, they need to plan special arrangements for themselves.
I imagine a lot of them will probably do work elsewhere for a few year while drawing the pension.
But if I'm 65 - that would kinda suck - no? My plans were to mope around the house - and you blow that right out of the water! It crushes every one of my dreams.
WHO THE HELL ARE TOU TO DECIDE ANYTHING INVOLVING MY LIFE?
Do I thank you now - or later?
What's a retired person at 58 gonna do for the next 30 years of their life...mope around the house? Likely most would be happier working. And, if not, they need to plan special arrangements for themselves.
Except that there's 15 million unemployed Americans waiting for these older workers to retire. It's a demographic disaster no matter how you look at it.
Gamble, smoke, and drink.
That's what I see many of them doing.