09/10/2018
■Class discussion: What was the average U.S. life expectancy in1935 when Social Security first set a retirement age of 65? The age limit for full retirement benefits under Social Security has since risen to 67. What is the average U.S. life expectancy today? How do insurance companies and private pension plans use life expectancy figures? How does income determine Social Security benefits or even how much survivors receive in a plane crash? What are actuarial numbers?