Social Security's solvency has been the subject of much debate, but clearer heads point toward a graduation of the current system to include higher earners. That will accommodate the large aging population's demand. Case closed, easy peasy lemon squeezy.
Obviously there are solutions. Maybe if America survives that long we might see one implemented.
And if you normalize for longer lifespans, it's perfectly reasonable.
Or just living longer with dementia and stuff?
Knowing that is likely my eventual fate too, I really don't want to wait to the last possible minute to retire.
It's a huge shame we can't accurately predict future illnesses and such, we could plan so much more effectively. As it stands we have to do our best and live good lives before we aren't capable of that anymore. Many people won't have a nice retirement. Many won't even live that long in the first place. Society can probably do better for everyone than we currently do
It would be better to just get rid of the loophole for the rentier class (The FICA cap at $186,000), and this actually would be solved.
Theres something so PKD about these fake realities, that have breached any and all containment, that people so readily deny any sense & sensibility. Just because. It's caused such huge disasters already. But it feels like still so many slumber on, that camp Wide Awake suffers so.
Brandolini's Law, the Bullshit Asymmetry Principle lurks below every reality based discussion, waiting for any chance to plunge thr pariticpants through to the unfathomable depths of unreality. It's a bitch of a structural advantage to be able to leave engagement and caring and discussion behind at any point, and plunge into that freezing alien other, to leave reality behind.
For example, simply raising marginal income tax rates will recover taxes from 401k accounts since they already have required minimum distributions.