Unconventional Wisdom: Actually the Retirement Age Is Too Highby James K Galbraith in Foreign Policy
This is from an interesting series in Foreign Policy on specious conventional wisdom, and I'll probably wind up posting more of these because some of them are excellent.
Now I'm not saying I agree with all of this. I'm very much in favor of raising the retirement age. Social Security was never intended to support an individual for 20-25 years of comfortable retirement. It was a safety net for a worker's last few years on god's green earth, when a person couldn't work anymore. The original retirement age in the system was 65. At that time, the average working-age American could expect to live to about 70 or 72; now that figure is at around 82.
That being said, Galbraith does raise a good point in that there are surely people who are at that can't work stage a lot earlier than others. That's worth considering.
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