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Reply #152: the money in your bank account is also "spent". [View All]

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-22-10 03:29 PM
Response to Reply #76
152. the money in your bank account is also "spent".
someone born in 1900, if they made it to age 65, could expect to live 11.9 more years.

someone born in 1940, 12.8 more years.

someone born in 1960, 14.4 more years.

http://www.efmoody.com/estate/lifeexpectancy.html

Table 12A.

Age to collect full benefits on SS has already been raised to age 67.

And that takes care of the boomers.

The "living longer" trope is mostly a canard. More important is that a larger portion of the population reaches age 65. But that means there are more people working longer & paying into SS.
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