Raising the Retirement Age: A Reflection of Our Evolving Economy

Fiscal realities and the way we work have changed the way Washington looks at retirement

September 21, 2011 RSS Feed Print

And it's not like the United States is alone in making this change. All over Europe, countries have already or are considering raising retirement ages to save money.

According to MacGuineas, these increases are imperative if the United States and other countries want to dig themselves out of the worst financial hole since the Great Depression.

"Retirement age has to be on the table. It will either get incorporated into law in this round of fiscal reforms or in the near future," she said. "There's no way we can support people as they live longer. And it's an issue that is becoming less politically charged."

Tags:: IRAs,; Social Security numbers,; social security,; retirement

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If the social security had been left in the trust fund that it was in. We would not be in this mess. It was taken out and put in a general fund so that it could be used. STUPID. Now look at it. Social security is broke.

DMC of ID 1:06PM March 20, 2012

That is great and wonderful...if and only if..you are not doing a backbreaking job..like working with the elderly..heaving them around...our backs wont take it..what about cutting out the government spending...what about tightening your belts....

Likestotravel2 7:59PM March 15, 2012

The politions have robbed the social security fund for many years and they should be getting the retirement that the working man is getiing,same money, same health care, same age..if they dont agree with that then we should vote them out of office...with no benifits. They should looK at not giving benifits to none citizens, some not living in this country , some collecting and working for cash,getting free health care. My health care for me and my wife is $1450. per month This coming from a 64 year old man who has worked hard all his life . I payed into this fund all my life.I expect to be paid back. The polititions want full benifits after a couple of years being in office. taking vacations ,giving themselves raises every year at the tax payers expense Its time to put a stop to all that B.S.! Easy for them to say,.. when you can retire. While they sqwander our tax dollars On bailouts for the stockmarket crooks,..protecting borders for countrys that hate us.and buying oil from them when we can drill our own oil here.

bud bonamo of CA 4:28PM October 28, 2011