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That's not what happened in practice as health care improved. The retirement age has been increasing together with life expectancy. The market balances itself
by gpt5 5y ago
That's not what happened in practice as health care improved. The retirement age has been increasing together with life expectancy.
The market balances itself so that the cost of living adjusts so that an average person would need to work until retirement age. That's why the cost of living is significantly higher in the bay area.
For better and worse, this capitalistic dynamic is what makes the US so productive as a country.
- xorfish 5y agoThe retirement age has risen far slower than life expectancy.
- godelski 5y ago> The retirement age has been increasing together with life expectancy. I'm unsure with what the issue with this is. But this also isn't true. People have been living longer in retirement. This is often a talking point when people talk about social security. There's a growing gap between when people retire and when they die, and this means people need to save more and that there is more being drawn from social security. But I do see a huge difference here. If you can live a thousand years then what's the issue of working your first 100? Or 500? Or 900? You talk about capitalism but recognize that capitalism is about consumption. If you generate enough money to live on passive income you don't stop consuming and the wheels don't stop turning. No one stops consuming till they die, capitalism or not. The rich still get rich. But I'd rather have 100+ years of retirement than 20, even if nothing else changes.