Raising Retirement Age Won't Work | William Shipman | Cato Institute: Commentary

Raising Retirement Age Won't Work | William Shipman | Cato Institute: Commentary: "He retired at the end of 2008, when he suffered a significant loss because stock markets around the globe collapsed, down 37 percent in the United States alone. Yet even after the loss, his accumulated wealth still would provide more than Social Security's $18,324 benefit, namely $30,000 in the first year, and indexed for inflation for 19 more years."