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Life Expectancy and It’s Impact on the “Retirement Safety Net”
As the rhetoric heats up on Social Security, and as the leading 2024 presidential candidates debate their policy thoughts on this issue, extension of the full retirement are (FRA) for benefits is getting quite a bit of play. In fact, it seems that every time a candidate (or any other source) suggests that the current FRA should be extended as part of a slate of changes to preserve the program, there’s an immediate clamor about “gutting” the program, “running seniors off the cliff,” “making people work forever,” and so on. Amid that backdrop, today we call your attention to an analysis of the U.S. retirement system by Ohio State University Professor Emeritus Carl Zulauf published in a Gardner Policy Series piece titled “The US Retirement Safety Net.” Prof. Zulauf takes a deep dive into the fundamental design intent of Social Security, offering detail analyses of how life expectancy has have changed over the nine decades since the program was implemented. Check out his article here.
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Carl Zulauf
Professor Emeritus