Life Expectancy has increased by 20% since SS began.
Even when Reagan made changes to the Program, they increased the so called Full Benefit Age from 65 to 67 but the “Early” Benefit age remained the same at 62. I guess they didn’t want to rock the Boat too much back then.
Want to keep SS solvent (yeah, I know), start increasing the Eligibility Age by one Month a Year for the next 36 Years. That would put the “early” Benefit age at 65 and the Full Benefit Age at 70.
All those younger People complaining that will never see a dime might actually receive a dime.
Want to save more Money, get a handle of Social Security Disability Fraud and adjust the Medicare Eligibility Age for Medicare to at least 68. 65 is the new 55 nowadays.
I forgot. My two closest Childhood Friends both died at age 61. They made a pretty good living and I’m sure they paid over $250,000 into the SS / Medicare System over ther Lifetimes just as I have.
What did they get for having all that money “excised” from their hard earned Wages, NOTHING.
As an aside, I had our Financial guy run some numbers based on what I paid into the SS / Medicare Systems over a working Career of nearly fifty years. Of course he had to make some assumptions for the last ten years since I was in my mid fifties at the time.
He figured that I would (conservatively) have had a nest egg of well over $2,000,000 at age 66 and he never imagined the Dow would ever reach $25,000. The Miracle of Compound Interest and buying Apple at $15 I assume.
If you could persuade businesses to stop practicing age discrimination - laying off people in their late 50s or earlier and refusing to hire anyone over 38 - then the idea of raising social security eligibility age might make some sense. But not as long as seniors are being downsized into unemployment as a matter of business practice