If Mitt and friends have their way, eligibility for Social Security and Medicare will both be delayed til later in life. Some of us work at jobs that are too physically demanding to continue working until age 68 or 69 or 70. Standing 8 hours per day or straining lower back muscles or developing carpal tunnel syndrome are all debilitating. Not all jobs involve sitting in soft, supportive chairs while counting one’s money. That is work that most of us would welcome.
Many people delay their retirement until they are eligible for Medicare, because private healthcare insurance is so expensive. If you lose your job after age 50, jobs are very hard to find due to age discrimination. It’s illegal but surprisingly prevalent. Most people think that it won’t happen to them, until it does. I know from personal experience that management is tempted to replace the experienced older worker with a young worker who will work for less, sometimes much less. And how is the laid-off older worker to survive between age 50 and his/her eligibility for Social Security and Medicare? If the home mortgage is paid off, those years after age 50 are the years where one is planning to save for retirement.
- Romney cares (bell-book-candle.com)
- Mitt Romney: Cut Medicare, Social Security benefits for seniors (dailykos.com)
- Carpal Tunnel (41staid.wordpress.com)
- Coming ‘Of Age’ – ‘Retirement Age’ That Is… (fpaforfinancialplanning.org)
- What is Carpal Tunnel Syndrome? (bestmedicalpractices.wordpress.com)