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In reply to the discussion: Lower Social Security Eligibility to 55; Raise Benefits By 15% [View all]ProSense
(116,464 posts)15. Then boost it by whatever makes sense.
If you boosted the amount by 15% that is still a huge cut from normal retirement age.
All this would do is give extra funds to those who can afford to retire without social security. For those who are forced into early retirement it means a life of reduced payments.
All this would do is give extra funds to those who can afford to retire without social security. For those who are forced into early retirement it means a life of reduced payments.
...boost it by whatever makes sense. Frankly, a 15 percent increase at 62 would make sense. Are you arguing against temporarily reducing the retirement age to 55?
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A lot of people get their health insurance through work, so unless you also move the age for
still_one
Aug 2012
#2
“... the highest rate of entrepreneurial activity belongs to the 55-64 age group."
acamp
Aug 2012
#20
You also get to the point where you realize it's far riskier putting your fate...
acamp
Aug 2012
#60
No one should be forced to retire who doesn't want to, and who can still do
kestrel91316
Aug 2012
#10
That 2 million figure is way out of touch with reality...median income in the US is around 46,000
Bluenorthwest
Aug 2012
#57
The idea was to raise the amount of social security paid and people retire at 55 so younger people
upaloopa
Aug 2012
#58
it's another measure of how corrupt Washington is that they have discussed doing the exact opposite
yurbud
Aug 2012
#48
Those who want to work would have that option. There would just be another option.
Bluenorthwest
Aug 2012
#53