patrick.net

http://www.bloomberg.com/news/2012-06-03/aig-chief-sees-retirement-age-as-high-as-80-after-crisis.html

Says 80 should be retirement age,.

Hmmm... makes me wonder if Pensions and Social Security and welfare seem like a packaged government Ponzi scheme.

Wait... we have that now... DOH! :^{

mikey says

I don't want the dollar store to become the five dollar store.

Don't hold your breath. It used to be called the Five-and-Dime.

(The $ 0.05 and $ 0.10 store, if you will.)

mikey says

I don't want the dollar store to become the five dollar store.

We already have them around here:

80 come on. There's some people (slave drivers) who never want to see others released from the yoke. They think that's why we were all born... to work... for them. Let this failed AIG dork work until he's a 100. There are many though, who don't know what to do with themselves without a job (someone telling them what to do)

There is no reason the retirement age shouldn't be going lower. Due to increased productivity, one person working today produces 4 times what a worker in 1950 produced. Wall street and corporations have gamed the system so they get almost all of these gains.

Thoreau wrote in the 1840s that he was able to produce all he needed for the year by working six weeks in his garden. The balance of his time, he said, was his. Save your money, live reasonably, and retire when you decide, not the government.

Zakrajshek says

Thoreau wrote in the 1840s that he was able to produce all he needed for the year by working six weeks in his garden. The balance of his time, he said, was his. Save your money, live reasonably, and retire when you decide, not the government.

I agree. But to those too stupid to save, their retirement age should be 80. Remember when Social Security was first introduced the average lifespan was something like less than a year after you began to receive benefits.