Lynn Parramore, writing on Salon, gives a very thorough response to the argument that the sky is falling because of increased longevity. The key points:
- Social Security’s original designers considered rising life expectancy.
- Life expectancy gains since 1935 have been modest.
- The Greenspan Commission already raised the retirement age two years.
- Longevity gains have gone mostly to high earners.
- Life expectancy rises are likely to slow in the future.