The Logic Behind Raising the Full Retirement Age
Although it appears to be developing into somewhat of a political football, the issue of increasing the Social Security full retirement age has a rational perspective. A recent forbes.com post by senior contributor Chris Carosa takes a look at the history of life expectancies in the U.S.–a factor that governs how long benefits need to be paid from the program–and makes the point that a purely mathematical projection would call for a full retirement age of 71 using the historical rate of life expectancy growth. Check out Carosa’s post here…
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