Tag: Social Security
Someone just asked me to give a talk on “entitlement reform.” I know reform is a good thing. And entitlement sounds bad. Merriam Webster’s online dictionary offers a definition: “a belief that one is deserving of or entitled to certain privileges.” Well, if greedy people out there are getting special stuff, we should fix it.&nbs…
The brief’s key findings are: Monthly Social Security benefits claimed at age 62, rather than 65, are reduced about 20 percent to avoid additional costs to the program. When the reduction was set over 50 years ago, a worker claiming at 62 received benefits about 20 percent longer. As life expectancy has risen, this worker…
