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 longe…
Read more@ISIDEWITH9yrs9Y
No, this will disadvantage low income seniors whose life expectancy is lower than wealthier seniors
@ISIDEWITH7yrs7Y
@ISIDEWITH7yrs7Y
No, eliminate the income cap on taxable earnings and stop spending current funds on other programs instead
@ISIDEWITH9yrs9Y
Yes, but I would prefer to privatize it instead
@JonBSimConstitution2yrs2Y
The gov't shouldn't be involved in retirement funds, it's outside their role.
@9CJ6CB62mos2MO
They have been delegated that role due to the expansion of the implied powers.
People should just be able to get health care. Our current system is having us give money to insurance companies while they already get funding from the government. And they're entire job currently is telling us no to life saving medical procedures or medicine. Just give people what they need and have taxes fund it.
@ISIDEWITH9yrs9Y
@8D7X8VBNew Liberty4yrs4Y
No, but Social Security should begin a 30-40 year phase-out program. this would allow those with immediate needs to obtain needed benefits while allowing those 30-40 years younger progressively paying less to zero into social security and allowing them time to make their retirement plans.
@48MPJZT3yrs3Y
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
@5L4VXDN3yrs3Y
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.
@48RLWN93yrs3Y
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.
@48QYZ623yrs3Y
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.
@48RBMZS3yrs3Y
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.
@48PQCWT3yrs3Y
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.
@5B6J9Z43yrs3Y
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
@4YMCK9R3yrs3Y
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.
@487BQ3T3yrs3Y
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.
@4Z6FCFB3yrs3Y
No, but SS should not be provided if annual income exceeds $75000.00 per year.
@48WD9BS3yrs3Y
You shouldn't be able to collect social security while still working in your previous career as it is supposed to be for retirement
@48QD74H3yrs3Y
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.
@5L56L573yrs3Y
No, living longer and healthier does not mean still able to perform work especially at the age of 70
@5B46NT83yrs3Y
Follow Milton Freedman's advice on phasing out SS.
@4Z6FCX23yrs3Y
Yes, but only for those currently under age 55. The retirement age for anyone 55 or older should NOT be raised.
@48S5J3H3yrs3Y
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.
@48RN68J3yrs3Y
give us back our money and defund it
@48MNYMD3yrs3Y
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.
@48MD6843yrs3Y
Regardless, social security should be eliminated because it is an unconstitutional transfer of wealth.
@9GD75RN6mos6MO
Yes, but allow exceptions for those in poor health, eliminate the income cap on taxable earnings, and reduce benefits for top 25% of earners.
@983JVHZ1yr1Y
Raise it for higher income seniors, keep it as is for lower income seniors
@VulcanMan6 1yr1Y
Why..? If anything, wouldn't it be better to do the inverse: keep the same for high-income and lower it for low-income..?
@9D6TF229mos9MO
People should be allowed to invest the funds taken for Social Security into their own retirement accounts.
While it's true that personal investments can sometimes yield higher returns, they also come with higher risks. For example, those who had private retirement accounts during the 2008 financial crisis saw their savings drastically decrease. On the other hand, Social Security provided a safety net. Perhaps there's a middle ground solution? Maybe a portion of the funds could be invested, while the rest goes to a guaranteed source like Social Security? What do you think of this approach?
Deleted2yrs2Y
No and create a $2000 monthly universal basic income program for all people 21 and over.
@8KXNDTZ3yrs3Y
@9FJSLTG7mos7MO
No, create a monthly $2000 Universal basic income program instead.
@96259PT2yrs2Y
Yes, but I would prefer to nationalize it instead.
@8JVR8Z43yrs3Y
No but Social Security should be privatized
@8GJZJKG4yrs4Y
No, stop spending current funds on other programs
@9C69K6811mos11MO
Yes, but it should be nationalized.
@97BCCNB1yr1Y
Yes, but age should not be the only constraint, eligibility should also be based on health, ability to work, and annual income level.
@9BQHHPZ12mos12MO
No, the social security administration is a dying program and will inevitably increase taxes for regular working Americans, so it should be disbanded and people should be more aware of roth IRA's and things of that sort.
@VulcanMan6 12mos12MO
Yet social security has like >90% approval, so why would we want to get rid of it? Personal retirement funds are not an adequate substitute for social security...
@9LFW5MS 2wks2W
It should be more based on the number of years someone has paid into the system. If someone worked 40 years starting at age 18 they should start drawing at age 58. If another didn't start paying into it until age 30 then they work until 70 or until they are no longer healthy enough to work. (It would be an incentive to get people to work)
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