Do you think these changes in social security are a good Idea?
http://www.fool.com/retirement/2016/12/17/surprise-republicans-just-introduced-a-bill-that-w.aspx
One think I dont like about politicians is they keep wanting to raise the retirement age higher and higher. This legislation wants to raise it to 69.
Every time they raise the retirement age, what they fail to realize is that millions of people will not be able to work till they are 69 and all of those people will end up on disability anyway, which is similar to drawing social security. Do you think you will be able to work till you are 69? Even if you can, that just makes it harder for young people to find work. Also, often older people with more job experience are paid more due to longevity raises, etc. That ends up costing people more money. This is too complicated an issue to just white wash it with a simple answer. For instance an awful lot of normal people with bills to pay are dead long before they reach the age of 70. Just read the newspaper.
Some other ideas might be a good Idea.
My age is 59 currently. So I know that this is a very difficult problem with some people living till they reach the age of 90 or more, but that takes a lot of good health insurance to live that long. I am not sure obama care will be good enough to reach these older ages. Also if people have less children that means they will get less help in their old age from their family. In the long run things often come down to how much money you make and save in your life time. So do all us average people end up supporting a few rich people who live longer or what? Maybe we should limit the length of time people can receive benefits or taper them off as people get older. I have previously thought 20 years of benefits should be the limit, which could be extended by receiving a smaller monthly benefit. We should really be forcing people to save more money for retirement.
http://www.fool.com/retirement/2016/12/17/surprise-republicans-just-introduced-a-bill-that-w.aspx
One think I dont like about politicians is they keep wanting to raise the retirement age higher and higher. This legislation wants to raise it to 69.
Every time they raise the retirement age, what they fail to realize is that millions of people will not be able to work till they are 69 and all of those people will end up on disability anyway, which is similar to drawing social security. Do you think you will be able to work till you are 69? Even if you can, that just makes it harder for young people to find work. Also, often older people with more job experience are paid more due to longevity raises, etc. That ends up costing people more money. This is too complicated an issue to just white wash it with a simple answer. For instance an awful lot of normal people with bills to pay are dead long before they reach the age of 70. Just read the newspaper.
Some other ideas might be a good Idea.
My age is 59 currently. So I know that this is a very difficult problem with some people living till they reach the age of 90 or more, but that takes a lot of good health insurance to live that long. I am not sure obama care will be good enough to reach these older ages. Also if people have less children that means they will get less help in their old age from their family. In the long run things often come down to how much money you make and save in your life time. So do all us average people end up supporting a few rich people who live longer or what? Maybe we should limit the length of time people can receive benefits or taper them off as people get older. I have previously thought 20 years of benefits should be the limit, which could be extended by receiving a smaller monthly benefit. We should really be forcing people to save more money for retirement.