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Hang on! Now they want to RAISE the retirement age | Morris Invest
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There’s nothing that can stop the national debt in the United States at this point. With figures in the trillions, it’s clear this is a huge systemic issue. But some members of Congress believe that the best way to cut national spending is to cut back on entitlement programs, like Social Security.
The GOP Study Committee’s plan to save Social Security promotes two main ideas: to raise the retirement age for younger Americans and to phase out benefits for high income retirees. These policy changes, again, aimed at reducing national spending and national debt, would reduce spending on Social Security by a total of $1.5 trillion.
The Biden administration maintains that cutting back on Social Security benefits will not happen, but anything is a possibility.
There’s not one solution to the retirement crisis, but one thing is glaringly obvious: it’s time for Americans to stop playing by these stupid rules.
If the government decides to raise the retirement age, are you going to let that impact the life you want to live? That’s ridiculous. This is exactly why you’ve got to start building the life you want now.
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