Dead Men Working

That’s no typo. Via Jonathan Turley,

A new report by the Employee Benefit Research Institute [link added; .pdf] suggests that many Americans will have a pretty brief retirement since they will have to work beyond the average life expectancy of a citizen before they can afford to retire. The report entitled “The Impact of Deferring Retirement Age on Retirement Income Adequacy,” says that a large percentage of Americans will have to work into their 70s and 80s to afford basis costs of living.

For those Americans earning between $11,700 and $31,200, they will need to work till age 76 to have a 50% chance of covering basic expenses in retirement. Those citizens earning between $31,200 and $72,500 will need to work to age 72. You have highest income quartile (making more than $72,500), you can still retire at 65.

Yep. America already has a life expectancy waaaay down the list… 36th among nations… yet our government is too goddamn cheap even to support a retiree that long. I guess many of us will live to see the Republicans’ “compassionate conservatism™” at its finest. Enjoy your catfood, or whatever you can retrieve from the garbage!

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Comments

  • c  On Monday June 13, 2011 at 3:29 pm

    Once again, this is the sort of issue to which the GOP and other conservatives point so they can use it as an example of why the US is superior to all other countries. I’ve heard them say it more than once . . .

    • Steve  On Monday June 13, 2011 at 4:08 pm

      c – there is real irony in that the first comment I received on this post was from someone who styles himself “John G**t” (sorry; I don’t want to attract more nuisance visitors), but I rand him off. 😀

      I am coming to realize as I age that many Republicans are not conservative, or at least not merely conservative: they are people with serious deficiencies in their socialization, people who in a normal world would be under the care of some flavor of shrink, or possibly incarcerated.

      I don’t know if you’ve ever run across a book by John Dean (yes, that John Dean) called Conservatives Without Conscience; Dean makes an argument (at regrettably great length) that there are physiological differences in people with different political outlooks. I couldn’t prove it or disprove it, but I have learned not to trust ANY active Republican, because I share so few values with them.

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