Tag: social security retirement age
The American Academy of Actuaries – a group of usually sober and sensible people – recently issued a brief making the case for “Raising the Social Security Retirement Age.” Their argument is straightforward. Social Security is running a 75-year deficit equal to 3.5 percent of taxable payrolls. The only way to fix the problem…
Abstract This article focuses on age-62 retired-worker beneficiaries, a group whose well-being may be affected by changes in Social Security retirement ages. The analysis: 1) develops different measures of risk of a poor retirement; 2) applies these measures to developing a range of estimates of the risk for age-62 beneficiaries at the threshold of retirement…
