Originally Posted by audreyh1
Not sure where you're getting a whiff of propaganda.
I was simply answering why many early retirees here are considering periods like 40 years or more, as opposed to the standard 30 years used in the models with a retirement age of 65.
There are two concerns I have with the media emphasis on planning for extremely long lifespans in retirement.
First, this theme provides cover to politicians and governments not to keep promises made to citizens regarding retirement plans. Basically, telling people that since everybody is living to these unexpectedly long ages today, we can't possibly pay off on Social Security, pensions, etc.
Second is that such long and increasing lifespans apply only to the upper and upper middle classes in the US. The second of these is well represented among both ER readers
and members of the news media. It is looking like under half the men I grew up with in a declining 1970s NYC neighborhood will get to be 65. While I haven't shared the self-destructive habits common to many of them, that period has left its marks on me as well.
Overall lifespans in the US have probably peaked.