As politicians and partisans debate how to make sure Social Security — an historically amazing and important program for the aging — has a secure financial future, one topic regularly brought up is the idea of delaying the retirement age.
It sounds reasonable. Just have everyone wait an extra year or two. How could that hurt? Well, it’s actually a bait-and-switch suggestion that, if fully and honestly expressed, would really say, “All you have to do is wait maybe an extra two years and your payments will be about 7% less than they should have been otherwise.”
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased