Former Florida Governor Bush recently told CBS News that the current basic retirement age of 65 needs to go to 68 or 70 as a way to sustain Social Security for those now under 40. The Social Security retirement age is based on a sliding scale which takes into account when the recipient was born and whether they want to retire early in return for a reduction in monthly benefits. The current age to begin receiving benefits is set at 65 for those born prior to 1938. Under current law, it rises gradually to age 67 for those born in 1960 or later. Proponents argue that Americans are living longer and healthier lives than they did when Social Security was founded and the program will run $7.7 trillion in the red during the next 75 years. Opponents argue that Social Security provides at least half of total retirement income for more than two-thirds of all retirees and raising the age will rob lower income seniors of necessary benefits.
Social security funds should be distributed at an age based on a formula that accounts for increased age of life expectancy. Future Options should exist not to pay social security and rather invest that money into a personal retirement fund or pay a tax on funds if you choose to cash them in ahead of scheduled retirement age. Not the government's job to make sure there is money for people to retire with, that responsibility should fall to each individual citizen
Yes, only if their health is taken into consideration. For those who are not as healthy leave it. For those who are healthy raise it.
Social Security was not intended to be a retirement program. Give every child at birth an account worth $5,000 and let it grow toward a retirement nest egg. Do NOT allow the government to be able to spend that money. Taxes would be paid on the original $5,000 when the senior retires and at a reasonable tax rate.
No - many people are finding it difficult to continue physical labor type work even to the existing retirement age. Raising the retirement age will result in many more people filing for disability instead.
Social security is a clear and perfect example of a ponzi scheme. This program should be phased out as quickly as possible and retirement planning should be up to the individual. This will increase financial literacy and further promote a strong capitalist marketplace.
give us back our money and defund it
Regardless, social security should be eliminated because it is an unconstitutional transfer of wealth.
You shouldn't be able to collect social security while still working in your previous career as it is supposed to be for retirement
Yes, but only for those currently under age 55. The retirement age for anyone 55 or older should NOT be raised.
No, living longer and healthier does not mean still able to perform work especially at the age of 70
No, but SS should not be provided if annual income exceeds $75000.00 per year.
No, people worked a good bit of their lives keeping the country moving during their workable years. They should be allowed to retire while the Quality of life is still advantage0us. Living longer does not mean having a good quality of life.
No, this will force companies, schools, and other work places to continue to employ workers who are possibly not as able or as interested in doing their work. Many places don't want employees who are only there for a paycheck.
No, not all at once, since it will take time to convince employers that those over 65 are employable. We have a serious age prejudice and discrimination in corporations, and need to enforce better age discrimination laws before we raise the retirement age; otherwise we simply create a bigger poverty stricken group, sooner.
Follow Milton Freedman's advice on phasing out SS.
NO, and we should transition Social Security funds into privately managed retirement accounts and away from congressional access and IOU's. Social Security withdrawal should be optional so that those who don't need it are not forced to take it, instead they should receive a tax credit for each year that they don't take it.
The social security program no longer functions as was intended. It was suppose to be a safety net for those whose retirement plans failed. Now people are using it as their retirement plan. They should eliminate it.
Stop allowing people to collect at age 62. They have stopped paying in at a younger age and this further depletes money from social security. There are too many young retirees
The retirement age should be based on the health of the senior in question. The healthier the senior, the retirement age should be raised. It should not be raised for seniors who are not healthy.
No, it should be lowered and high earners should pay more social security tax
No, decrease it instead and make high earners pay more social security tax.
I do have an opinion on this matter but I'm not 100% sure how to word it so I am unable to answer this at the moment.
Yes, but only after a universal income and healthcare is passed to protect lower income seniors with a lower life expectancy are protected
I think people should be able to determine when to retire anytime between 60-68 years old.
Ban social security. It is inneficient
No, stop spending current funds on other programs
Government should not decide whether someone can retire or not.
I am uneducated on this issue.
Yes, but only once universal healthcare is put in place to protect lower income people from having to choose between rent and medicine
Raise the age above a certain pay threshold so as not to disadvantage lower-income seniors.
There should be no government. Also no SS. Taxation is theft.
No, and if a senior is a multi millionaire or billionaire they should get nothing.
Yes dependent on income and resources per person.
No, lower the retirement age to 50 years old.
No, and make the government pay back what it has spent out of the social security budget.
No, they should stop the program so younger people can invest the way they want to.
No, I believe that the social security system should be moved away from the federal government
Not exactly, instead move to a system that looks at factors outside of just age, such as the amount of time an individual has worked and paid into the system and criminal history.
Eliminate Social Security entirely. The needy can be covered by Medicaid.
no, Social Security should be optional and privatized.
Yes, but only because that might be the only way to save it.
No, but social security should go to lower-class retirees who depend on it for rudamentary things like rent and groceries, not to wealthy seniors who have enough money on their own to support their lifestyles.
People with lower income should received it earlier then people with higher incomes
No, switch to the Cato Institutes 6% plan instead
Raise it for higher tax brackets but not for lower ones
Not informed enough to make an opinion.
It should be left at the current age.
Yes, but only for those under 50 when the extension is implemented
No, social security is a financially unsustainable system. Allow those currently on it to stay on, give those who are currently paying in the option to privatize, and privatize future citizen retirement funds.
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