Actually, the more sound approach would have been to open up a program called Social Security-Plus...where you let a guy 55 retire and collect 150 percent of his anticipated age 65 social security money for ten years and then fall into regular social security. You limit the numbers....say 100,000 per month, until you reach 500,000 ‘new’ retirees. Plus you can further entice folks...offering a $2k tax credit per year for this group, until age 65.
I just heard on the radio they’re talking about having to up the retirement age w/ no mention of enticements...so there go’s that idea. I’ll be crippled with arthritis and going to work with a walker before I get to retire by the time this dude is finished with his spending spree.
Isn’t the Social Security deficit around 7 trillion? Funny how we used to talk in billions and overnight it seems we’re talking trillions. Meanwhile back at the ranch I’m talking pennies.
My company will not offer early retirement again. They said they lost too many good people. The company is right. Just think about the work ethic of the over 55 group and the work ethic of a gen X 20 something individuals. Scary thought isn't it!