lower benefits. Since the vast majority of retirees rely on Social Security for the bulk of their retirement income, this …

government should strengthen Social Security in ways that increase the retirement security of middle- and working-class Americans …. Particular attention should be paid to improving the living standards in retirement of workers in poorly compensated jobs, who … typically have little or no retirement savings outside of Social Security. Some recent proposals to cut Social Security would …

There have been a number of proposals in policy circles that involve raising the Social Security retirement age. This … increases in longevity. This paper examines the impact of an increase in the retirement age on various demographic groups … retirement age from 67 to 70 (2 months a year for 18 years) on each quintile of the wealth distribution using data from the …

-market exit among older workers. Raising the retirement age is particularly concerning for near-retirement age workers with such … jobs. Despite the fact that the retirement age increase is supposed to encourage workers to work longer, many workers would … reduced benefits. An increase in the retirement age or other cuts in Social Security benefits are also likely to put a greater …

– mostly in the form of home equity – which they stood to lose as a result of the crisis. Since they are at or near retirement … benefit structure, 2. Accelerating and extending the increase in the normal retirement age, and 3. Reducing the annual cost …

Unlike a century ago, people expect their children to live past the age of retirement. This fact has important … implications for how workers save for retirement, but has no specific implications for the retirement portion of Social Security … in retirement length. Furthermore, much of the gains in life expectancy come during working years—between age 20 and …

Social Security has made it possible for the vast majority of workers to enjoy a period of retirement in at least … modest comfort without relying on their children for support. The average length of retirement has increased consistently … since the program was started in 1937. However, the increase in the normal retirement age from 65 to 67 that is being phased …