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Social Security Issues...

Saturday, January 12, 2013 - 10:51 AM

Let’s fix Social Security now! - Encore - MarketWatch

"No one wants benefit cuts, but two possible options include increasing the Full Retirement Age (after it reaches 67) to keep pace with improvements in longevity and adopting a “chain-weighted” consumer price index for Social Security’s cost-of-living adjustment (COLA). Adverse effects of the COLA adjustment on the low-income or the very old could be offset by increasing the minimum benefit or making a 5-percent adjustment at, say, age 85."

Not sure that the first option is realistic, thoughts?

51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
1. Sunday, January 13, 2013 - 9:09 AM
Misguided Social Security 'Reform'

Misguided Social Security ‘Reform’ -
ShorebreakShorebreak2,670 posts since
Apr 6, 2010
Rep Points: 14,474