It's a fallacy to correlate SS benefits to life expectancy. Yes, life
expectancy has increased substantially since SS was enacted but that is mostly due to reductions in early deaths, (what was the infant mortality rate 70 years ago? How many farming, industrial and auto accidents killed pre retirement aged people then?) not due to retirees living longer. They do, of course, but not nearly enough to account for the increase in overall average life expectancy.
On the plus side, a person that would have died at 40 but now dies at 60 is a benefit to the system. I would love to see an accounting of actuarial effects isolated from statutory changes and added benefits like survivors, disability, etc.
[Post edited by 81_Hokie at 02/09/2018 2:32PM]
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In response to this post by Freddyburg Hokie)
Posted: 02/09/2018 at 2:30PM