It makes sense to move the age incrementally to 70 or 72. Obviously this would be for people not yet working and thus not officially “in” the system. Just as we moved it from 65 to 67+, time to move it up to 72 with limited benefits beginning at 65.
BS!!
I agree that the age to begin and then to get full benefits will have to be increased. Probably to 65 begin and 70 or 72 for full benefits.
Me, I just became eligible to take it but will wait for a few more years as I don’t have a pressing need for the money.
I agree with your take on it, but I don’t believe we can
only change the game for those not yet working. A 40-45
year career would mean they would not impact the SS
retirement pool until 2062-2067. There is going to have to
be a mid-course correction before 2032 I believe it is.
Moving the retirement age up is much less intrusive than
starting to cut benefits. I say that as a retired person,
but I do believe retirement at 67 is only worth it, if
there is still a strong payout.
Start dropping the payout to a point you couldn’t live on it,
and what’s the point? You’d still have to work anyway.
Better to work another year or a few, than not really
be able to live on SS.
Look, I know we should have more than SS to retire on.
As a guy that does have more than SS to live on, it
isn’t easy. (and I do better than a lot of others)
spoken like a federal retiree at age 50....people with the govt pensions are all for cutting most of the benefits we rabble collect....