I actually know folks that age and older who still work.
If you had read a later post I did reduce it. I think 70 is good but will have to be raised again in several years cause the system can not survive with the decrease in those being taxed.
Eben in 1935 when passed Social Security was never envision to be the sole source of retirement income for so many, rather a supplement. Two-thirds of seniors today rely on social security getting one-half of their retirement income from social security. Not what was envisioned.
Radical, drastic changes are needed.
You guys seem to me to be overlooking a key point. Nearly everyone pays into SS their entire working life. Therefore, as far as SS is concerned the retirees are not living off anyone. They are simply getting back what they put in. Had that money been invested instead of taken from them by the government they would get much more back.
SS was a scam from the very beginning. There was never a trust fund nor even Al Gore’s lock box. Both FDR and Gore simple lied and they knew it. On top of that, when the retirement age of 65 was set the LE was 67 for whites and 64 for blacks. The blacks who are so in love with the Democrats were never intended to get any of their money back and whites very little. Those who died early were simply contributors to the fund. All the money just went into the general fund as was spent immediately on other things. So, when you talk about raising the retirement age or lowering benefits you are just enabling the continuation of the scam.
When I reached age 65 and applied for my SS they had no record of most of the companies I had worked for. They blamed it on a computer change in 1988 and said they lost a lot of data. They wanted to know if I had all my income tax records going back to 1988. This was in 2004 so of course I did not have those records. I told them I did not but the IRS did. They said they couldn’t get it from them, that it must come from me. I ended up with about half of what I was owed. Until then I had always been told I had contributed the maximum amount and would get full benefits.
In the last few years, at SS offices in Dallas and Georgetown, Texas, I have seen long lines and full waiting rooms of young minorities with “counselors” with them. They were signing up for disability payments from SS. It seems the law has been changed to include alcohol and drug abuse, depression, including simple mood swings, and almost everything else as a disability. However, if you are not a minority you need not apply. A big chunk of the SS payments goes to those folks rather than to retirees. Yet, when you hear them saying we need to “save SS” they mention only us old folks. They don’t want you to know about the freeloaders on the system.