When I’m 64

Colin Read
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Colin Read: SUNY College at Plattsburgh

Chapter 7 in Global Financial Meltdown, 2009, pp 59-66 from Palgrave Macmillan

Abstract: Abstract When the United States Social Security system was first proposed, President Roosevelt could not imagine the dramatically transformed demographics just a few generations later. In 1935, the United States passed its first legislation offering social security payments to retirees who reach the age of 65. At that time, the life expectancy was only 63 years old. Today, those that reach retirement age are expected to live at least another two decades. And, a girl born today in Japan is likely to live to the next century. If this woman completes a graduate education by the age of 24 and retires at age of 62, she will live almost as long in retirement as she participated in the workforce.

Keywords: Social Security; Financial Market; Develop Nation; Family Formation; Baby Boom (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59518-7_7

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DOI: 10.1057/9780230595187_7

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