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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (69645)	5/3/2018 3:36:07 PM
From: TimF	Respond to of 356266

Yes, the program has become more generous over time after people started to contribute to it, while at the same time circumstances (longer life expectancy) has caused even the same schedule of benefits to become, on the average, more generous. It wouldn't be an average of 15 years additional payouts though, that's life expectancy at birth not at retirement age. OTOH life expectancy at retirement age really isn't the answer either. Lets say a lot of people died at 62 in the past, and now 62 year olds continue to live past retirement age but only the same number of years as the average expectancy at retirement age before this change in at 62 expectancy. You would not increase life expectancy at 65 but you would increase SS payout. So just as the 15 years of additional life expectancy at birth isn't the answer (to "how many more years do you pay out for the average recipient") the 3.75 years additional suggested at ssa.gov wouldn't be the answer either. It would be somewhere in between.