Reply to Working well into your 70s because you can’t afford to retire.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Social Security was supposed to [i]supplement[/i], people were supposed to save too.  [/b]Medicare and Spcial Security have done wonders for the the poverty rates of the elderly.  They are not 100% and were never intended to be.  It was also never meant to subside for 30 years.

Plus, when Social Security was enacted the life expectancy was 65,now it is much older.  We as a socially should expect to work longer as a result of our good fortune of living longer.  Working to 70 or even 75 should be the norm in the future- hopefully older as our grand children live even longer.  This is a good trend.

We have to stop thinking that we have to retire in our mid 60’s.  If you want to do that- you have to save yourself.

This does not mean that we have to work at the same place/ same kind of job. I think more and more people will have several careers- some vastly different.  Plus, if you are lucky enough to amass a bit of cash you can work part time or work in a job you would love but the pay is low.  I think having the ability to buy into Medicare at any age would help people make the leap from their current job to a new adventure.

We need to rethink our expectations of life after 65. [/quote]

Social security was supposed to be part of a "three-legged stool" for retirement -- social security, personal savings, and PENSIONS.  Which have disappeared for the vast majority of people.  [/quote]

Not everyone had pensions, even backthen[/quote]

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