Tag: early boomers
Abstract The possibility of increasing the age at which Social Security benefits are first paid merits renewed scrutiny for at least three reasons: a decrease in overall benefits would imply that those claiming reduced benefits before the ‘full benefits age’ may accept benefits that seem adequate when claimed but are insufficient when income earnings ends…
The brief’s key findings are: Increased taxes and spending cuts will be needed to bring the federal budget under control. Relying heavily on tax increases would modestly raise the overall NRRI (the percent of households ‘at risk’ in retirement) from 51 to 54 percent. But the NRRI would jump sharply for high-income Early Boomers, who…
