As employers face a shortage of high-skill employees, forcing workers to retire makes no...
Given the shorter life spans of earlier eras, most people worked until they no longer could or they died. Those unable to work had few options other than to turn to family or charity. The only exceptions were the wealthy. Only recently have the latter years of life come to be referred to as “golden.”
A major imperative is to maintain a robust labor force at a time when long-term, and even midterm, Social Security solvency remains in question.that low-income workers, minorities and a growing population of poorly educated immigrant workers would be seriously affected as Social Security benefits constitute a larger proportion of their retirement income than it does for higher paid workers.
Certain lawmakers propose raising the full retirement age from 67 to 70. Although this would increase payroll contributions for those who can continue to work, it would pose hardships for those who cannot. Another proposal is to increase the age of eligibility for Medicare from 65 to 67 and introduce higher premiums. The time between 65 and 67 is a period of high risk of chronic illness and complications that, if left untreated, will become more expensive later.
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