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Raising Social Security's Retirement Age Would Have Life-Altering Consequences

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In Washington, policymakers are pushing to increase Social Security's retirement age to 70. Analysts predict this adjustment could slash average lifetime benefits for new retirees by almost 20%. For unemployed older workers banking on full retirement benefits under the current age limit, this shift would have lifealtering consequences.

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References & Clips:
Raising Social Security’s Retirement Age Would Cut Benefits for All New Retirees
By KATHLEEN ROMIG
Center on Budget and Policy Priorities
https://www.cbpp.org/research/social....

If You’re Over 50, Chances Are the Decision to Leave a Job Won’t be Yours
https://www.propublica.org/article/ol....

posted by spadeesam58