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noamnety

(20,234 posts)
Wed Mar 23, 2016, 06:06 PM Mar 2016

Pesky Americans refuse to die on the job. [View all]

"“Retirement was a 20th-century invention, but it’s kind of gotten out of control,” says John Shoven, an economist at Stanford University. “If you go back to 1900, most men worked until they couldn’t work anymore and died a few years later. Now, you can spend 40% of your adult life in retirement.”

"While the solution—working longer—sounds straightforward, older workers face powerful incentives to retire sooner rather than later, says Olivia Mitchell, a professor of business, economics and public policy at the University of Pennsylvania’s Wharton School. Those incentives range from age discrimination in the workplace to certain provisions in the tax code and rules for Social Security and Medicare."

The solution? The solution to us not working til we're disabled, then dying shortly thereafter?

http://www.wsj.com/articles/how-to-get-people-to-delay-retirement-1458525863

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