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Battle Lines are Being Drawn on the Retirement Age Issue
Although there are many advocates for raising the Social Security full retirement age (FRA) as a measure to save the program from insolvency, the issue is generating strong headwinds in the court of public opinion. A post by US News Reporter Giulia Carbonaro over the weekend, for example, cites poll results from Redfield & Wilton Strategies indicating that while respondents were evenly split on the question of whether or not to raise FRA, with about a quarter unsure, 49% said the current age 67 FRA is already “too high.” Add to this the recent comments from AP-NORC claiming “… 75 percent of all Americans—and that’s regardless of party or age—oppose raising the eligibility age from 67 to 70,” and one can clearly visualize the skirmishes that will likely develop.
Read the Giulia Carbonaro Newsweek post here. Also, while you’re reading it, keep in mind that Social Security is rapidly approaching a crisis point, and that at its most basic level there are really only two options: Do Nothing, an option that endorses the looming benefit cut, or fix the problem. And therein lies the dilemma. Stay tuned to this site for continuing updates on the escalating dialog on this issue.
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