But no, I'm absolutely supportive of Social Security. I understand why the government did it. People weren't saving for retirement. But when it was set up, understand that There were dozens of workers supporting one beneficiary and the retirement age was set at 65 back then when life expectancy was a little bit more than 61 years old. Now there's a retirement scheme that's going to work, but now that life expectancy, thank God, is closer to 80 and we haven't done much in terms of retirement age. (17:08–17:19)
CLAIM
Asserts that initially, many workers supported one Social Security beneficiary, and the retirement age was set when life expectancy was just over 61.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
