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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Um... when the retirement age of 65 was instituted in the 1930ties, the average life expectancy was only 58 years for men and 62 for women (they were higher for whites and lower for POC). The population of over 65+ was only 5.4%. Only about 5% of elders were expected to draw SS for 5+ years and less than 1% 20 years. Having your parents alive in your 60-70ties indeed was almost unheard of. [/quote]

Life expectancies were so low because of infant deaths.  After that, wealth was a major determinant of how long you lived.

Most of the founding fathers and presidents and wealthy people from the 1800s lived long lives.

Jefferson lived to 83.  John Adams 91.  Carnegie 84.  Washington was actually an outlier at 67.[/quote]

Incorrect. The population of over 65+ was only 5.4%. Only about 5% of elders were expected to draw SS for 5+ years and less than 1% 20 years. SS was certainly not instituted for the rich. [/quote]

Got it…but older wealthy people lived long lives.  That’s the main point.[/quote]

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