Posted by WARREN MOSLER on January 14th, 2013
As previously discussed, the real answer to the ‘dependency ratio’ is in fact happening?
The trick is to let seniors collect full social security and their paychecks:
By Christine Dugas
January 1 (USA Today) — Sixty-five is the normal retirement age, but many Americans are working much later in life, and it’s not just because they need the money.
The number of workers who are 75 and older has skyrocketed by 76.7 percent in the past two decades, according to research by the AARP Public Policy Institute. “We are living longer, healthier lives,” says Kerry Hannon, author of Great Jobs for Everyone 50+. “And the types of work that people do is not as labor intensive as it was in our parents’ generation.”