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originally posted by: JAGStorm
originally posted by: dollukka
Pension is earned ! You can´t say same of many other who get so called "free income" .
Pension is earned it makes their life of retirees a bit easier when sickness comes and it will come. Alzheimer, Parkinson, Lewy´s disease, heart problems etc. Retirees have right to their pension they have paid.
Young people seldom see what retirees face in their old age.. and it isn´t pretty !
They will need every penny!
Yes and what about all the people without a pension that are being forced to pay for them?
They too grow old and have sickness, etc.. Those people have a right to their hard earned money also.
This isn't just about old and young, there are plenty of old people that don't have a pension but have to pay for others pensions through higher taxes. Some people in Illinois are literally being taxed out of their houses. So who is right?
originally posted by: babybunnies
To me, it seems weird that retirement age is still 65 in most juristictions.
Social Security was bought in at age 65 in the 1930's, when average life expectancy was 70-75. It was meant to give the retiree 5-10 years coverage before they passed away.
Now, with many living into their 90's, the retirement age hasn't changed. It should really be set at 80 or 85 if it kept up, but there's massive outcry if someone even suggests raising it by even a couple of years.
There should also be a financial barrier beyond which you no longer qualify for social security. If you have millions in the bank, why are you still getting a social security check every month?