But here's the fundamental, the bigger issue, and that is when Social Security was put in place back in the mid-30s, The retirement age was 65. Life expectancy was 62. On average, people died three years earlier than they collected the check. That's true. We're now in 2012. The retirement age is still 65. Life expectancy is 79. (45:29–45:34)
CLAIM
Asserts that when Social Security was established, the retirement age was 65 and life expectancy was 62.
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