this post was submitted on 28 Jul 2023
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Politics
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To play devil's advocate, when Social Security was established (bringing with it the concept of a "retirement age"), the age of eligibility was deliberately set such that less than half of Americans would live long enough to draw on it. The clear expectation was that you would work until you couldn't anymore.
That said, in an era when changes in life expectancy are starting to take on a K-shaped distribution and labor force participation has been on a long steady decline, tying governmental income support to age and employment duration is becoming distributionally regressive. I'd much rather have some sort of UBI system that everyone can benefit from.