General Discussion
In reply to the discussion: Question: how would you feel if they raised the minimum age of Social Security or Medicare? [View all]BlueStreak
(8,377 posts)The last time this happened, the age moved up VERY, VERY gradually -- over the course of decades. I really don't think that is any big deal as long as the benefit age stays in relationship with the age where people are still healthy and able to work -- and that good jobs are available. In other words, if we have an effective health care system and a strong economy, it is not unreasonable to gradually move the benefit date out a couple of years. You can always retire early. You just have to make the right decisions before your senior years in order to do that.
I would find it completely unacceptable to make that the ONLY move to stabilize Social Security. We also must raise the income cap or eliminate the cap altogether. It is ridiculous that people making a fortune contribute the same amount as a person making $100,000 a year. The cap ought to be at least $200,000 and should be indexed to inflation.