December 28, 2010
‘Retirement’ is a modern phenomenon, a fad, like Beatlemania. And the Beatles are dead
And the Tea Party movement will fail if old baby boomers — including those in the movement — continue to cling to their selfish illusions of entitlement…
Social Security and Medicare have evolved from an old-age safety net into a “middle-age retirement system,” as Eugene Steuerle of the Urban Institute puts it. In 1940, couples reaching 65 lived an average of almost 19 years, Steuerle notes. Now, the comparable figure for couples is 25 years. For Americans born today, the estimate approaches 30 years.