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FBN's Liz MacDonald on what AIG CEO Robert Benmosche is saying is the key to fixing pension and medical services problems.
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CEO of a big bailed out company now says that -- silver bullet for fixing all of the world's problems says wait for it.
Making all of us retire later so busy saying we should retired at age 67.
Think much later -- is -- the -- is here.
Yet he's a CEO of one of the biggest bailouts in that country it's AIG CEO.
Robert -- -- -- take a listen to what he told -- very -- -- -- recently about what he thinks -- retirement age should be.
-- better health is better longevity is there the retirement system at 65 is not affordable.
We have to have a retirement age at least seventy have not 75.
In -- now he's saying Dennis and -- eighty should be the new 65.
And that's got a lot of people talking on Wall Street by the way AIG still closing US taxpayer about 44 billion dollars US taxpayers so owns about 61% of AIG.
Sort Robert NSA is saying is beyond what people have been advising on the president's bipartisan debt commission.
They're saying raise the retirement age but not to eighty also -- studies at a CB NG AO also saying to raise retirement age for philosophic about raising its eighty.
Well my -- what the ramifications be if we had a bunch of octogenarian.
These -- bond market yeah that's a real issue for.
Youth unemployment -- there's about one out of eight use in between the ages of 20/20 435.
Still unemployed if you have people working longer.
And retiring later that could -- Citi younger workers who we need to get this in no small irony -- to Social Security back to dozens all right thanks so.
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