lead to $122 billion in savings to the government over the next decade, it also means that beneficiaries would receive … lower benefits. Since the vast majority of retirees rely on Social Security for the bulk of their retirement income, this …

typically have little or no retirement savings outside of Social Security. Some recent proposals to cut Social Security would … 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 …

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 …

of several policies that seek to address job quality, including universal health insurance, a universal retirement system …

-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 …