Friday, February 17, 2006

Stanford Prof Solves Social Security Crisis: Retire at 85

Image hosting by PhotobucketShripad Tuljapurkar of Stanford University says that in the US by the year 2050, the cost of social security and medical care would almost double if people retired at 65. But an an increase in the retirement age to 85 would bring costs down to today's levels.

Tuljapurkar figures that folks will live a lot longer by then and that his scenario should be taken seriously as an economic proposal.