In 1984, the life expectancy is 71 for white men vs 75 today. How much does pension pay per year and what was the retirement age? People are living longer and longer every year.
You’re right, $120k with pension is > than $170k w/out pension. However, what’s the ratio of people retiring with pension in 1984 vs today? I tried to find this data but can’t find anything. There are people today who retire with pension. It’s not like it’s completely disappear.