Major Changes to Social Security and Retirement Age Spark Controversy
As the U.S. approaches significant changes in Social Security, debates intensify over proposals that might impact retirement for many Americans. Notably, discussions around potentially raising the retirement age to 70 have raised concerns among retirees and could have deep implications for those nearing retirement age in 2026. Various proposals, including one by Senator Rand Paul, have drawn criticism for not being sufficiently bold. Retirees are expressing frustration over the possible shifts, including a notable adjustment to the full retirement age, which could mark the end of retirement at 67. Experts warn that these changes could be a major government error, as many fear the potential consequences of delaying benefits could significantly affect their financial security.
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