Lowering the retirement age won’t save US seniors
BBCLowering the retirement age won’t save US seniors Getty While presidential hopeful Nikki Haley proposes a rise in Americans’ retirement age, retirement differences around the world point to one thing: the age doesn't matter. The Social Security Administration calculates one’s allotted benefits by taking a multitude of factors into account: total earnings in relation to the national average wage index, age of retirement, and total credits earned before retirement are among the criteria for designation. Indeed, even now a Social Security pension is hardly enough to make ends meet — over one in three adults over the age of 50 have "forgone basics such as food to pay for healthcare", according to a 2022 poll by Gallup, with women and Black adults most likely to have made sacrifices due to financial instability. They’re probably correct, as the survey also shows that "nearly one in five retirees say that Social Security covers a quarter or less of their expenses."
History of this topic
Decision to progressively raise retirement age unveiled
China Daily
Decision to progressively raise retirement age unveiled
China DailyAbout 1 in 4 US adults 50 and older who aren't yet retired expect to never retire, AARP study finds
Associated Press
Column: The stupid and dishonest idea of raising the Social Security retirement age is back
LA Times
What today’s retirees want future retirees to know
CNNDiscover Related
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