Some of us have gained in life expectancy, of course. As you can see on this graph, since 1977, the life expectancy of male workers retiring at age 65 has risen six years in the top half of the income distribution. But if you’re in the bottom half of the income distribution? Then you’ve only gained 1.3 years.
Graph: The Incidental Economist
If you’re wealthy, you do have many more years to enjoy Social Security. But if you’re not, you don’t. And so making it so people who aren’t wealthy have to wait longer to use Social Security is a particularly cruel and regressive way to cut the program.
It’s also a cut that’s particularly tough on people who spend their lives in jobs they don’t enjoy.
Read the whole story in the Washington Post