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Raising Social Security retirement to 70 makes sense but penalizes the disadvantaged

Adjustments to the retirement age have not kept up with increases in life expectancy or healthy lifespan. The age to receive full Social Security benefits should be closer to 70, according to a report published in the journal Daedalus. But, that change would not be good for those with lower life expectancy. “We’re living longer and healthier than ever before, but the statutory age of retirement for receiving Social Security benefits doesn’t reflect that,” says lead author S. Jay Olshansky, professor of epidemiology in the University of Illinois at Chicago School of Public Health. Read more…

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