Someone just told me that living outside the US for 5 years could disqualify me for Social Security benefits
I just never really understood the idea that any significant percentage of the population could afford to not work for a third of their lives. "Retirement" wasn't really a thing a century ago. No one did it.
Seventy was the normal retirement age, and if a retired official was in danger of impoverishment he could apparently expect a pension of four bushels of rice a year and the service of household servants assigned by the local magistrate. One could retire because of physical disability after the age of fifty-five with similar expectations. In these regards, as in the case of salaries of officials on active duty, the Ming dynasty seems to have been less generous to its civil servants than was customary under earlier native dynasties.
they didn't stop working, they just stopped working for the legion
The last one I got included an alarming statement that they are out of money in 2033 unless something changes.
At fifty, though the mental faculties of man are in full vigour, and his judgment better than at any preceding date, the bodily powers for laborious life are on the decline. He cannot bear the same quantity of fatigue as at an earlier period. He begins to earn less, and is less capable of enduring wind and weather; and in those more retired employments where much sight is required, he fails apace, and sees himself, like an old horse, beginning to be turned adrift.
At sixty his labour ought to be over, at least from direct necessity. It is painful to see old age working itself to death, in what are called civilised countries, for daily bread.
And Boomer or not, middle class or not, facing old age with no pension is not good for anyone.
The idea was first put forward, at Bismarck's behest, in 1881 by Germany's Emperor, William the First, in a ground-breaking letter to the German Parliament. William wrote: ". . .those who are disabled from work by age and invalidity have a well-grounded claim to care from the state."
2012 deficit: $1.3 trillion
2012 defense spending: $1.0–$1.4 trillion
When do we get to the part about the air speed velocity of swallows?
a public sevice announcement from social historians everywhere
nixerman: The problem is that people confuse paper and wealth. Paper is not wealth.
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