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Money and Finances
Reply to "How old are you and how much do you have saved in retirement?"
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[quote=Anonymous][quote=Anonymous] Everyone needs to recognize that, when the retirement age was "set" at 62, the average life expectancy was 65. [/quote] This may be technically true, but it's so irrelevant and misleading that it might as well be false. Life expectancy was shorter in the 20th century mostly because of infant mortality-- if you add a bunch of people who died before age 5 into the calculation then "average life expectancy" goes down. Life expectancy at 60 (how much longer people lived once they reach 60) has extended a few years, but not by that much.[/quote]
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