Here is an interesting take on the decision the UK made:
Earlier this week, President Obama spoke at the White House Conference on Aging -- a once-in-a-decade summit where leaders came together to talk about issues facing Americans as they plan for retirement, care for older loved ones, and work to improve our quality of life as we age.
The conference was a moment to reflect, and celebrate some of the programs we've already built -- Medicare and Medicaid turn 50 this month, and Social Security turns 80 next month -- but also a moment to look forward to the upcoming challenges we face.
Nearly 10,000 Americans turn 65 every day -- more than a quarter million each month. We all have a responsibility to build on the progress we've already made, to make sure that we safeguard retirement security for every one of these Americans.
Stand up and say you support a society that's prepared to face the challenges of a changing America.
Let's be clear -- this goes beyond Social Security, Medicare, and Medicaid.
Those programs are a vital part of American society, and we have a responsibility to make sure they're going strong for decades to come.
But there's more to do -- especially in an age when pensions are less common, and not everybody has access to a 401(k).
The President had several suggestions in his speech last Monday. Paid family leave to take care of aging relatives would help many folks provide crucial support. Opening up IRAs to folks that don't have employer-sponsored retirement plans would help millions save for retirement. Updating safety and quality standards for nursing homes, and closing conflict-of-interest loopholes in financial retirement advice would help ensure that we all get what we're planning for in retirement.
These aren't simple steps, but we can't walk away from this because it might be politically difficult -- we've got to fight for it, in the same spirit that helped pass Social Security, Medicare, and Medicaid.
So Thomas, let us know -- will you stand up for a society that includes a dignified retirement?
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