Paul Krugman wrote a nice piece yesterday on life expectancy, specifically on how it hasn’t been going up like “everyone” says. It’s a zombie idea; it won’t die.
I thought I’d add to his post by bringing back some of my favorite charts on the subject.
4) While the richest 25% of Americans compare favorably to any other country, those in the bottom 50% of earners don’t. They will live fewer years after age 65 than the average person in most OECD countries. I don’t dispute that disparities might exist in other countries, but they definitely exist here. We’re not all living longer equally:
It’s important to think of all of these things when you claim we need to raise the retirement age because “we’re all living so much longer than we used to”.
[Cross-posted at The Incidental Economist]