Study: 83% of Americans will have to work into their 70s in order to afford to retire

Retire? We going have to work until we die because we won't be getting any social security.

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Don't believe that horseshit "we don't have money for Social Security" conservative talking point.

We have money just not the way it's currently funded

Cutting social security is political suicide

The only way social security goes away is if conservatives think they can win an election without old people. Fat chance.
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- Republicans will take away social security, blame Democrats, and their voters will believe them.
  
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- The contribution limit was invented decades ago when wealth inequality wasn't as bad of an issue
  
  If we got rid of the cap, we'd have no problem finding it. And the people above the cap, just don't need the money anyways.
  
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- No lie. I asked a financial advisor when I was in my late 20s, almost 30-years ago.
  
  "You're getting your Social Security or there will be riots in the streets. Plan accordingly."
  
  In 1989 we high school seniors said we wouldn't get Social Security. We will, no matter what.
  
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- All they have to do is take it away from future generations while allowing the current elderly generation keep it.
  
  The old voters stay happy and the politicians who screw everyone over are long gone by the time the implications hit.
  
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That's basically what this headline means. Everyone thinks they're going to make the long haul but half of an age cohort dies before 70.

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Alternate headline, "Half Of All Americans Will Die Without Retiring"

Second line they use for the follow up punch, "A Quarter Will Die Within 7 Years Of Retirement."

Seriously, go look at an age demographic pyramid. Half of a cohort dies in the 60-65 area. And it drops precipitously from there until you're looking at about 2 percent making it to 100.

Capitalists don't want you retiring. If you're not making them a widget then they see no use for you. The economically minded might point out that retirees are some of our biggest spenders. But the wealthy elite don't care. They only see a pool of money they want in their hands. Dying at work is the end they want for their workers. Especially if there's a pension.

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Dying at work is the end they want for their workers. Especially if there's a pension.

I see you have also read Boeing's retirement study and plan.

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- In related news the DOJ might actually criminally charge the company for MCAS. But only because the company couldn't keep to the deferred prosecution agreement. All they had to do was institute an Ethics program.
  
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Sure, times are hard, but so is science journalism, apparently. Where could medium.com possibly get that this study says that headline. This study asked people of all ages what they predict is going to happen. There is no scientific basis for that headline, this is entirely based on a public opinion poll.

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SSA is moving to 67 so that's going to figure in a big way for most Americans.

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It is medium, after all.

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have you heard of the "wisdom of crowds"? https://en.wikipedia.org/wiki/The_Wisdom_of_Crowds

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I don't have many authors blocked on medium, and I didn't remember why I blocked this one, but... There's no but I guess.

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My disability insurance (private, not public) specifically ends when I'm 60 (or before, if they can find a reason to disqualify me), so it's basically built in that I won't be able to retire.

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Well thankfully I expect to die before I retire. As Homer Simpson once said "You tried, and failed miserably. The lesson is, never try." Unless I hit the lottery which I almost never play. Retirement would be miserable for me. Basically just waiting to die already. My grandparents could barely afford to survive. My parents are almost there and are the same.

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If you're less than 62 this year, you have to wait till 67 to get full Social Security

https://faq.ssa.gov/en-US/Topic/article/KA-01885

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When did this change?

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- 2022, it wasn't publicized much, so most still haven't heard of it.
  
  Would be a great rallying cry for young voters if Dems were trying to fight it and lower it back down after removing the cap.
  
  But donors dont want that, so voters don't get an option that will do it.
  
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I'll work until I'm dead, I'll never be able to retire. Woohoo...

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I'm pretty sure that means that most Americans will die working

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Yup. People need to stand up and demand better work life balance and early retirement options. Half of an age cohort dies by 70. SSA is moving to 67 which means there's a large percentage of people who will get Social Security, and immediately die. We're living in the dystopia.

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Thanks boomers

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This is very, very bad for the future outlook of our country. It's real, we're in it. Something significant is going to have to change soon.

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My math says I will work till I can't and then will have to accept a lower quality of life for whats left and my wife and I end up on medicaid in a nursing home.

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Medicare, probably.

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- Medicare only pays for short-term skilled nursing rehabilitation meaning you need something like physical therapy after a major surgery. For long-term care because you're just unable to take care of yourself, you'd need Medicaid or to pay several thousand/month out of pocket.
  
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Damn.... Lucky.

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80s probably. They'll put us in Tokyo style bunk rooms and one meal a day if we aren't the elite.

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F all this nonsense. I plan to die of cancer or something way before that lol. WTF would I want to be 70 in this capitalist hellscape

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I kind of assumed it was till we all died at this point. Whether that's before or after 70..

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Well, I worked until i was 69, so I wasn’t far off

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