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In reply to the discussion: Lower Social Security Eligibility to 55; Raise Benefits By 15% [View all]Kaleva
(36,298 posts)28. I think it'd be politically impossible to make it temporary.
For those with high paying jobs, I don't see a benefit for them as they'd get a large drop in monthly income. Same goes for the upper middle class. Those in low paying jobs might benefit from this if they are also eligible for Medicare.
One can live comfortably on SS if one is debt free and has a strict budget.
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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