Why Not Raise The Retirement Age? Ctd

by Patrick Appel

Drum provides one answer:

[W:]here does the preoccupation with [raising the retirement age to:] age 70 come from? That would represent a decreasein the expected number of years of retirement since 1970, during aperiod in which the United States has become nearly twice as wealthy.That doesn't even begin to make sense. Sure, life expectancy mayincrease in the future, but if it does then we have the option ofincreasing the retirement age when it happens. For now, we should...