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Sunday, March 16, 2014

'It Never Seems to Sink In'

Paul Krugman:

Don’t Prosper and Die Early: I was pleased to see this article by Annie Lowrey documenting the growing disparity in life expectancy between the haves and the have-nots. ... Many of us have been trying for years to get this point across — to point out that when people call for raising the Social Security and Medicare ages, they’re basically saying that janitors must keep working because corporate lawyers are living longer. Yet it never seems to sink in.
Maybe this article will change that. But my guess is that in a week or two we will once again hear a supposed wise man saying that we need to raise the retirement age to 67 because of higher life expectancy, unaware that (a) life expectancy hasn’t risen much for half of workers (b) we’ve already raised the retirement age to 67.

    Posted by on Sunday, March 16, 2014 at 08:47 AM in Economics, Social Security | Permalink  Comments (54)


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