Re: the future long term financial apocalypse of the USA

On Mon, 13 May 2024 12:29:17 -0700, The Horny Goat <lcraver@home.ca>
wrote:

On Sat, 11 May 2024 08:53:23 -0700, Paul S Person
<psperson@old.netcom.invalid> wrote:
>

You do realize that, when Social Security started, the average life
expectancy was such that those eligible for it were "locked into life
long slavery to the state", right?
>

When Otto von Bismarck invented the old age pension the average male
life expectancy was 69 so on average pensioners lasted 4 years.
Obviously life expectancy is much longer now.

Exactly. As health and longevity improve, retirement age must rise to
keep the finances under control. Which means people must work longer.
Which is very ... tiresome.

As for $4k per month, I was notified my entitlement was $1600/mo and
that was Canuck bucks too....

Different systems, different rules.
--
"Here lies the Tuscan poet Aretino,
Who evil spoke of everyone but God,
Giving as his excuse, 'I never knew him.'"