Senior Focus | March 1, 2013 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

- March 1, 2013

Senior Focus

THE NEW 55 ... It's not just a joke on a birthday card — age 65 really is approximately the new 55, says Stanford economist John Shoven. Today's 65-year-old has the same mortality and health that 54-year-olds had in 1947. If we don't fix antiquated retirement systems in the United States and elsewhere that cannot support longer life spans, "it's going to stress our economies even more," Shoven told the Stanford News Service. Though Social Security is "quite secure" for people now 55 and older, reform is urgently needed, he said. Basically, Social Security benefits are going to have to be cut and they're probably going to be cut most for high earners. People who have a long and lucrative career will almost certainly get less than in the current law.

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Items for Senior Focus may be emailed to Palo Alto Weekly Staff Writer Chris Kenrick, ckenrick@paweekly.com.

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