fatvegan

[Alan] Greenspan has suggested in earlier comments on the subject that Congress should look at tying the retirement age to future increases in life expectancies so that the age for full retirement will keep pace with the longer period that retirees will be drawing benefits. Forbes

I was thinking they should do this just the other day. After all, we're not just getting older, we're getting healthier. In fact, relative to total retirement years, total working years should be increasing. And the government is only having to pay to educate people once, but they're getting more years out of them. So our education and family support expenditure is going further, and in theory, other expenditures shouldn't really go up. So long as you index retirement age to life-expectancy, or perhaps more reasonably, to current the mean age of some set health standard. The real concern would seem to be the baby boomers all retiring at once, rather than people living for too long.