I googled the source for the article, Center for Retirement Research at Boston College, and it does seem to have a definite slant to its research. So I wonder if this is due to the director or possible major donors to the research... a not unheard of situation. What concerns me is the right wing idea that 70 should be the new retirement age... which is fine for those well paid CEOs that have no intention of ever leaving their "thrones" anytime soon, but means that the average schmoe is expected to work for low wages, poor benefits and a retirement that will limited to their declining years. If you don't agree then here is the bad news: 78.64 years (2011) United States of America, Life expectancy. If Social Security is underfunded, raise the limit on income contributions.... it hasn't been adjusted to inflation for years.. there is the first place a real economist would be looking, unless there is another agenda involved.
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