Tag: Social Security
The brief’s key findings are: Today’s workers face a brewing retirement crisis due to: a growing need for income driven by longer lifespans, rising health costs, and low interest rates; and reduced support from Social Security and defined benefit pension plans. Fortunately, the solutions are at hand: Policymakers should shore up Social Security with more revenue,…
A 1983 reform to Social Security is now in full swing for baby boomers: they must wait at least until their 66th birthday to claim their full pension benefits. But is the gradual increase in the program’s so-called full retirement age – it was 65 for prior generations – having any effect on when boomers…
