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.
@ISIDEWITH7yrs
No, this will disadvantage low income seniors whose life expectancy is lower than wealthier seniors
@ISIDEWITH7yrs
@ISIDEWITH5yrs
No, eliminate the income cap on taxable earnings and stop spending current funds on other programs instead
@ISIDEWITH7yrs
Yes, people are now living longer than when the program was created
@ISIDEWITH5yrs
Yes, and eliminate the income cap on taxable earnings
@48RLWN92yrs
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.
@487BQ3T2yrs
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.
@4YMCK9R2yrs
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.
@5L56L572yrs
No, living longer and healthier does not mean still able to perform work especially at the age of 70
@4Z6FCFB2yrs
No, but SS should not be provided if annual income exceeds $75000.00 per year.
@48RBMZS2yrs
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.
@5L4VXDN2yrs
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.
@48PQCWT2yrs
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.
@5B6J9Z42yrs
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
@48MPJZT2yrs
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
@48QYZ622yrs
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.
@48S5J3H2yrs
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.
@48MNYMD2yrs
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.
@48QD74H2yrs
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.
@5B46NT82yrs
Follow Milton Freedman's advice on phasing out SS.
@48RN68J2yrs
give us back our money and defund it
@48MD6842yrs
Regardless, social security should be eliminated because it is an unconstitutional transfer of wealth.
@48WD9BS2yrs
You shouldn't be able to collect social security while still working in your previous career as it is supposed to be for retirement
@4Z6FCX22yrs
Yes, but only for those currently under age 55. The retirement age for anyone 55 or older should NOT be raised.
@@Kevin Brown JR16hrs
No, replace Social Security with a $2000 monthly universal basic income program instead.
@Kevin-Brown-JR2 days
No and create a $2000 monthly universal basic income program for all people 21 and over.
@96259PT3 days
Yes,but I would prefer to nationalize it instead.
@95Z96Y84 days
Social security ought to be privatized.
@95Z2CZ34 days
No, eliminate the entire program.
@95MZ2S52wks
No, instead prevent anyone with sufficient liquid assets from being able to access the program to prevent wealthy elderly from using up money.
@Chantern152wks
Yes, but not for low-income seniors
@95K58J22wks
Yes, but only raise it to the wealthy people and those who are in good condition to work.
@95GWQTP3wks
lower the retirement age. so the young can have jobs.
@95GVZNT3wks
Socialise healthcare and we will free up some medicare and Medicaid funds to bolster social security.
@95F7QLX3wks
No Social Security is unconstitutional and should be abolished.
@95DMM9J3wks
I literally do not know what this means HELP ME
@95759YX4wks
It’s an insolvent Ponzi scheme and will run out of money no matter how much more you put in.
No, but social security should be overhauled to enable it to remain long-lasting and effective.
@94T9CW61mo
Neither, I know nothing about this topic and feel very unqualified to take a stance on it.
@94DM2N61mo
Social security is a Ponzi scheme that would be illegal for anyone but the government and should be phased out entirely
@9474P2G2mos
Reform social security by privatizing it.
Slowly raise it and better educate the public on private savings as Social Security isn't sustainable long term in the future
@942DCB72mos
Social Security should be a choice in this time.
Deleted2mos
Yes, but social security should be eliminated
Deleted2mos
Yes, but social security needs to be eliminated completely
@93WST2Q2mos
Reform social security into a new system
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