Saturday, September 24, 2011

How to Salvage Retirment (Per "The Economist")

As the civilian population ages in industrialized nations, there are more recipients and fewer investors in the overladen pension programs of the state, including Social Security.

Older people are not going to be able to retire when they want to; and every state who has made this argument refuses to demand that seniors extend their working life beyond a meager few years, an inadequate

Work longer, old People! Here are the reasons why:

1. You wil earn more money.

2. The government will receive more in taxes and get more time before having to pay out benefits.

3. The economy will grow faster as people work for longer periods of time, creating more wealth.

These arguments, provided by The Economist, lead up to a bold suggestion:

Retire at 70, no sooner.

I would go one long leap further:


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