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So does life expectancy. You retire later, but in total amount of years retired per person? Probably even more today still? I don't think "standard retirement a
by Wxc2jjJmST9XWWL 5y ago
So does life expectancy. You retire later, but in total amount of years retired per person? Probably even more today still? I don't think "standard retirement age" tracks perfectly with life expectancy.
Also consider. The life expectancy of a 60 year old is above average. At age 60 you have already "survived" quite a lot of danger (adolescent drug abuse, driving accidents while young, opportunity to be a soldier in a war, crimes of passion in your twenties, mid life crisis, et cetera). So the life expectancy of a 60 year old is above the "average life expectancy", as many die before ever reaching that age.
Isn't economics fun?