Question

What are the major issues over the retirement age for social security ?

Answer 1

Major issues over the retirement age for Social Security include sustainability of the program, financial stability, and importance of benefits for retirees.

Step-by-step explanation:

One major issue over the retirement age for Social Security is the sustainability of the program. With more Americans reaching retirement age and fewer workers paying into the system, there are concerns that the program may not have enough funds to support future retirees. Increasing the retirement age is one possible solution to address this issue, as it would allow the Social Security trust fund to last longer.

Another major issue is the financial stability of Social Security. The current level of payroll taxes that support the program may not be sufficient to cover the expected costs in the future. This could lead to budget deficits and put the program at risk.

Lastly, there is a debate about the importance of Social Security benefits for retirees. Many Americans rely on these benefits as a significant source of income in their retirement years, but there are concerns about the adequacy of these benefits and potential changes to the program that could impact retirees' financial well-being.

Answer 2

The major issues of social security is a falling worker-to-beneficiary ratio one of the biggest problems facing Social Security is a demographic shift -- namely the retirement of baby boomers and the other is Rising life expectancies Another big demographic shift for the program relates to rising life expectancies. In the mid-1960s, the life expectancy of the average adult in the United States was about 70 years. By the mid-2010s, life expectancies had risen to 78.8 years. This improved life expectancy can be attributed to better health education, growing access to medical care, and improved pharmaceutical options.