Working longer won’t solve the retirement crisis — seniors need a ‘Gray New Deal’ to retire with dignity, this economist says
Working longer won’t solve the retirement crisis — seniors need a ‘Gray New Deal’ to retire with dignity, this economist says
America’s do-it-yourself retirement system is not working, says Teresa Ghilarducci.
Retirement age in the US should be 60 for everyone, not based on tiers of what year you were born. We have some at 65 and some at 67, this is wrong, unethical.
And ALL Americans should be required to pay into the system regardless of the income you make. If the wealthy paid their fair share we would have less problems in the system. And yes, they would be eligible to collect retirement like anyone else.This is capitalism in action folks. Siphon all the money up to the top. Whoops, no one can afford to live now. Oh well.
Super sustainable!
fuck. here we go.
you think this money to help them retire is coming from the government? no. lol.
It's coming from us. filial responsibility laws are already on the books. if you can't fund your own retirement, get it from your kids before you're allowed to get anything from the state.
your boomer parents will reverse mortgage their house, liquidate everything, then come for your paychecks like child support, until you're tapped out permanently. they won't do it maliciously, not directly, they'll do it because it's a "requirement" of properly retiring. sorry hun, it's the law, I wouldn't if I didn't have to!
they'll drain you and keep you drained until they die. if we're lucky, the state then won't turn around and suck the state-paid care debts out of you as unfurnished filial debts.
Oh I know! We could get together as a society, through our government and socially pay for a security fund. For those that retire. We could call it social security! No one would ever be against that. Taking care of our elders and those who've worked their whole life. /S
It's extremely sad that we are going to have to learn this lesson, again.
an economist did a video the other day on how solvable it is. The gist, the shortfall is on a 75 year projection, and there are multiple ways of solving it, but working longer only gets 40% of the way there. So given the trade off on quality of life for people vs solving it in the many other ways, that seems like a shitty strategy. Also you need the politicians to do their part..
Social security? That they paid for?
It's their fault that they were dumb enough to go along with whatever lie the system pitched them in their days. And they're suffering for it.
Still don't trust economists