The 78-year-old Greenspan, recently confirmed for a fifth term as Fed chairman, suggested one possible fix would be to increase the retirement age for receiving full benefits. It is already scheduled to rise from 65 to 67.
Forbes article
I can't believe that man is only 78. He looks 108. And it seems as though he's been around forever.
Anyway, that increase in retirement age is ridiculous. Sure, it makes the thing work better on paper, but let's talk about reality, you old senile codger. If we don't have enough jobs for the people we have now, and we keep closing down companies and "outsourcing", the competition for the fewer jobs left is going to get even steeper. Where's the guarantee that if you're employed now, you'll get to keep that job until you're 67? How well is a 67-year old man or woman going to compete for a job with someone 20, 30, 40 years younger? I'm really looking forward to the opportunity to have a go at it.
Of course, sixty-five is already way too old in my view. I think 55 sounds about right. Or better yet, 52.
....but hey, do what you want....you will anyway.
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