“ They may move the retirement ages up”
The proposal is to raise eligibility to age 70. That’s a huge cut because it would mean many would die before they became eligible. Also, with age-related firings common in modern America - and most employers uninterested in hiring anyone over 50, let alone 65 - you’d have a vast number of people too old to get hired but too “young” to get Social Security
Quote “That’s a huge cut because it would mean many would die before they became eligible.”
Especially if a democrat governor ships them to a nursing home during a pandemic. They will die before they collect anything.
Sixty-five was first designated to be the retirement age in
1935. I believe the Life Expectancy has increased enough
to be able to absorb a few more years.
Remember that this would be the second time the age has
been raised. My ex can’t get full SS until 67 now. I’d
imagine there are people younger than her that are already
at 68, perhaps a little more.
Do I like this? Not necessarily. The point is, if SS is
going to have to be adjusted, it is the least painful way
to do it.
If you have a better suggestion, I like to hear it.
You mentioned people getting laid off due to age, to avoid
SS exposure. (inferred, I believe)
If you get laid off, it can lop off your eligibility to
receive a pension from the employer. It will not affect
your SS if you have your quarters in.