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FOR EXAMPLE:I have a family member who is 92 years old and in good health. He retired early and started collecting at 62. Being an immigrate after WWII, he worked less than 30 years in this country. He has collected vastly more from SS then he ever contributed even after inflation. My guess is the rate of return he earned on the money contributed to SS, has to be approaching 1000%. What a great investment! His wife is 12 years younger and in good health. She never worked outside the home. She will continue to collect SS after her husband's death until she dies. Solution:The retirement age must be raised significantly to take into account the much longer life spans Americans currently enjoy. It needs to be returned to its original structure.
FOR EXAMPLE:
I have a family member who is 92 years old and in good health. He retired early and started collecting at 62. Being an immigrate after WWII, he worked less than 30 years in this country. He has collected vastly more from SS then he ever contributed even after inflation. My guess is the rate of return he earned on the money contributed to SS, has to be approaching 1000%. What a great investment!
His wife is 12 years younger and in good health. She never worked outside the home. She will continue to collect SS after her husband's death until she dies.
Solution:
The retirement age must be raised significantly to take into account the much longer life spans Americans currently enjoy. It needs to be returned to its original structure.
