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)
+1