Saving the Future for a Longer Life

Ericka Andersen / June 13, 2011

In the past 30 years, U.S. life expectancy has increased by an average of five years. Since 1935, when Social Security was first enacted, it has increased by almost 18 years. It’s no wonder that Americans are working more years as they enjoy longer, healthier lives thanks to improved healthcare and technology.

Unfortunately, the federal government hasn’t altered its plans to match the growing number of entitlement beneficiaries hitting their 80s and 90s. The default payment methods definitive of many entitlement programs are hurting America’s economy and pushing the United States deeper into a debt that already tops $14.3 trillion. Reform is required. (more…)