The current retirement age is 67 for everyone born after 1960. Raising it by 5 years means everyone working until they are 72.<quoted text>
Drama FAIL. Raising the SS age 5 years is still far earlier than the average age of death. If you want to retire at a leisurely 62 or 65, yes pay for it your damn self.
The average life expectancy for men is 76. I wouldn't consider 4 years to be "far earlier".
While it may be possible for office workers and other cushy jobs to keep working until age 72, the average person doing manual labor jobs- construction, farming, etc will simply drop dead before ever having a chance to retire. Not suprisingly those are the same people LEAST likely to be able to afford to retire without social security.
If that's the plan, then we need to allow certain categories of workers to completly opt out of social security and get back whatever they've already paid into the system, since obviously they won't get a penny from social security in retirement- being they'll be dead long before that.