Whether a bipartisan group of senators recommends it or not, the odds of a bill to raise the retirement age making it through Congress are considered very slim. Still, Social Security appears primed to remain a major issue in the 2024 presidential race.
“Increasing the age has a short-term effect but isn’t, by itself, a long-term solution. …
The challenge, fundamentally, is that there are a lot of Americans who are living longer. Something we could have seen coming for about the past 76 years.” — Philip Bump,“Raising the retirement age would force seniors to either stay in the workforce longer or accept a greatly reduced benefit by taking early retirement. Neither choice is great. In fact, they wouldn’t even be choices.
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