Every two years, raise the retirement age by one year until it hits 80.
The average lifespan, when SS kicked in ate 65, was lower than 65. SS was for people that had the misfortune of living longer than everyone else. As with most socialist programs, it was fatally short sighted.
Meanwhile, I turn 66 in early 2020 and am taking full retirement benefits. It’s all I have. After moving to rural KY it’s also all I need.
If they raise the retirement age to 70, many older people will have to remain employed, regardless of their health issues. At present, as it is, my son in law who was born in 1960, will have to work until 68 to reach full retirement benefits on SSAN. He has a good job and is quite happy with the situation at present, and has no health issues to date. One of the lucky ones. Maybe ALL those on social security (undocumented aliens and their children for instance, who have never paid in) need to be removed from social security and offered free transport home to their country of origin.
Not everyone can work past 65. I am 77 and I couldn’t work even if I wanted to as I am handicapped.
>>Meanwhile, I turn 66 in early 2020 and am taking full retirement benefits. It’s all I have. After moving to rural KY it’s also all I need.<<
Bummer. I am a few years from retirement (whatever that means) and have planned to not get a single dime of SS.
When I start taking SS will depend on my whim and whether I think the $$ will be there or not. Maybe if I want ti travel a bit more or something like that.
No offense but depending on SS is probably not a really good plan.