jm + 1930s   2

Life expectancy increases are due mainly to healthier children, not longer old age
Interesting -- I hadn't expected this.

'Life expectancy at birth [in the US] in 1930 was indeed only 58 for men and 62 for women, and the retirement age was 65. But life expectancy at birth in the early decades of the 20th century was low due mainly to high infant mortality, and someone who died as a child would never have worked and paid into Social Security. A more appropriate measure is probably life expectancy after attainment of adulthood.' .... 'Men who attained age 65 could expect to collect Social Security benefits for almost 13 years (and the numbers are even higher for women).'

In Ireland, life expectancy at birth has increased 18.4 years since 1926 -- but life expectancy for men aged 65 (the pension age) has only increased by 3.8 years. This means that increased life expectancy figures are not particularly relevant to the "pension crunch" story.

Via Fred Logue: https://twitter.com/fplogue/status/532093184646873089
via:fplogue  statistics  taxes  life-expectancy  pensions  infant-mortality  health  1930s 
november 2014 by jm

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