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Longevity Indexing Can Narrow Social Security's Shortfall
- Raising the retirement age indexed to longevity can close 20–40% of Social Security's funding gap.
- Marc Goldwein cites Urban Institute estimates and argues a gradual increase (e.g., 2 years over 50 years) lets people plan and boosts solvency.
Working A Little Longer Typically Raises Lifetime Income
- Delaying retirement modestly raises lifetime income and can improve health and social outcomes.
- Goldwein cites Urban Institute: each additional retirement year boosts retirement income ~10% and correlates with better physical and mental health.
Raising Age Is Effectively A Benefit Cut For Most
- Raising the retirement age functions as an across-the-board benefit cut and would disproportionately harm lower-income and less healthy workers.
- Teresa Ghilarducci warns cuts of 13–50% could push average benefits below poverty and worsen elderly poverty rates.