- 08/11/10 | Workers Independent News
By Doug Cunningham
If the Social Security retirement age is raised beyond the already scheduled increase of 67, workers in physically demanding jobs will be hurt more by the change than other workers.
Researcher Hye Jin Rho wrote a Center for Economic and Policy Research report on older workers with physically demanding jobs. The report found 45 percent of all U.S. workers 58 or older have such jobs. She says those workers will be disproportionately hurt if the Social Security retirement age goes up.
Rho: “Our findings suggest that raising the Social Security normal retirement age higher than already scheduled would place a greater burden on older workers in occupations that require physically demanding work.
And they just may not be able to continue working in their jobs into their mid to late sixties, so they would be left without any choice. So we are actually forcing those people out of the labor force and they will be left with less benefits.”
More than 62 percent of Latino workers 58 or older have physically demanding jobs. For blacks and Asians it’s 53.2 percent and 50.5 percent.
With the on-going Bush great recession, what are the chances a senior can remain employed prior to age 70? According to Wikipedia, the average male lives until they are 75.6 years of age.
To make matter worse, the working class and the poor die earlier than the average American. Most of them would get no Social Security benefits at all.
This is fuzzy Republican math.Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu
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By Doug Cunningham
Researcher Hye Jin Rho wrote a Center for Economic and Policy Research report on older workers with physically demanding jobs. The report found 45 percent of all U.S. workers 58 or older have such jobs. She says those workers will be disproportionately hurt if the Social Security retirement age goes up.
Rho: “Our findings suggest that raising the Social Security normal retirement age higher than already scheduled would place a greater burden on older workers in occupations that require physically demanding work.
And they just may not be able to continue working in their jobs into their mid to late sixties, so they would be left without any choice. So we are actually forcing those people out of the labor force and they will be left with less benefits.”
More than 62 percent of Latino workers 58 or older have physically demanding jobs. For blacks and Asians it’s 53.2 percent and 50.5 percent.
With the on-going Bush great recession, what are the chances a senior can remain employed prior to age 70? According to Wikipedia, the average male lives until they are 75.6 years of age.
This means a man who started paying for Social security in their 20's and paid FICA tax for the next 50 years, would get benefits for about another 6 years before they died.
To make matter worse, the working class and the poor die earlier than the average American. Most of them would get no Social Security benefits at all.
This is fuzzy Republican math.Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu
Netcraft rank: 11952
http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com
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