General Discussion
In reply to the discussion: Ezra Klein: Why rich guys want to raise the retirement age [View all]Honeycombe8
(37,648 posts)at age 60, we may well not get another job. And if we do, it won't pay what we got before, or have the same benefits, which lowers the benefits we will get from Social Security.
Layoffs and firings frequently target the older, more highly paid workers. The workers have no control over that.
The fat cats seems to think that WE are in control of when we "retire." Many of us are not.
To ask a 57 year old to spend his life savings supporting himself until he can qualify for Social Security is cruel and destroys his senior year quality of life. Even if he lives like a pauper and hangs in there, the cost of INSURANCE would add a huge burden to his cost of living. AND his Social Security benefits will decrease, because he no longer has that good paying job he had at 57.