It’s hard to save enough to retire when the Government is taking 40%+ directly in taxes and most of the rest silently through inflation.
The problem is when your 65 how do you really know that you have enough to carry you through the end of your life. What happens when you run out of money at 78?
I know of several people in their early 60’s who had to start taking SS because they were laid off and could not find jobs. What happens when they raise the SS age to these people.
I thought any talk of raising retirement age was grandfathering in people over something like 58??? I could be wrong...