Working Past 65 is Nothing New

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Could it be that more seniors are working because the pensions they were promised 20 – 30 years ago have either shrunk or disappeared altogether (as in stolen)? For those over 65 could it be that while Medicare is a lifesaver it only pays about 80% of health care expenses and the cost for seniors caring for sick spouses could bring bankruptcy were it not for expensive supplemental insurance? Could it be that seniors under 65 are opting to work longer in order to keep employer-sponsored health care insurance?

Sometime ago it was “decided” by suits and ties that normal Social Security retirement age would be 65. Workers had no say in the matter. Those same suits and ties raised it to 67, and again workers had no say, Now the deficit commission is talking about raising it to 70! Raising Social Security retirement age will not affect those of us who are already retired. It, would, however, sentence our children and grandchildren to more years of hard labor. As seniors we want future generations to have no less than what we have, and hopefully they will have more.

Working them to death won't get the job.

If a person chooses to work beyond 62. 65, or 67 that decision should be a matter of preference, not a condition of economic need. The key here is choice, not necessity.

We have a looooooooong way to go before we as a nation become an enlightened civilization. It would be wise if vox populi heeded the words of Jack Hall: “Know your class and be loyal it.”

Rich of WA 12:32PM October 16, 2010

Roger that, and ditto.

One size does not fit all, ever. but these differences become ever more visible as we age.

LoveStarLaurel of TX 6:48PM September 14, 2010

Yeah, maybe if you have a desk job in the right company you can hang on to 70 and beyond, but not if your strong back is your major asset. Distasteful as it may be to contemplate, even the healthiest can't work to 75 on a loading dock, driving a truck, laying asphalt or picking lettuce.

Their workplace participation rates are high because they're panicking. There are few jobs available, they have no 401(k)s, and the Republicans are running around saying that they should die in the streets rather than get health insurance and that it's their own moral failure for being poor.

Not wanting to look at them doesn't make them disappear.

Panskeptic of MT 11:53PM September 05, 2010

Yeah, maybe if you have a desk job in the right company you can hang on to 70 and beyond, but not if your strong back is your major asset. Distasteful as it may be to contemplate, even the healthiest can't work to 75 on a loading dock, driving a truck, laying asphalt or picking lettuce.

Their workplace participation rates are high because they're panicking. There are few jobs available, they have no 401(k)s, and the Republicans are running around saying that they should die in the streets rather than get health insurance and that it's their own moral failure for being poor.

Not wanting to look at them doesn't make them disappear.

Panskeptic of MT 11:52PM September 05, 2010

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The Best Life

Philip Moeller, contributing editor for U.S. News Money, writes about achieving success and happiness in older age.

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