General Discussion
In reply to the discussion: Hey Boomers, let's rejoice! The reason our Soc. Security is delayed for two years is [View all]SheilaT
(23,156 posts)getting what's called full benefits from age 65 to age 66 happened recently. That change was made back in 1983. And the age to start collecting early hasn't changed.
The biggest problem is that too many people have been bamboozled into thinking that the social welfare programs are nothing but drains on the economy, when they really make a serious infusion of cash into the economy.
As for pensions, I believe that pensions, even in their heyday such as it was, only covered about 45% of workers, and there were lots of restrictions that meant it was much harder to collect a pension than you might think, especially if you didn't stay in one job for at least twenty years, and often longer. Typically, your age an years with the company had to total some number, like 75, or you didn't get the pension. When I first went to work at a company that offered one, you had to be at least 25 years old and have worked there two years to get enrolled in the pension plan. I was 20 when I started, so I couldn't imagine being as old as 25, let alone 65.