Debate: Should the Government Raise the Retirement Age?

Many Americans expect to retire at 65, but beginning in 1983, the age of eligibility for full Social Security benefits began gradually increasing to 67. Social Security provides at least half of the income for the elderly to enjoy their golden years. Unfortunately, Social Security’s cash reserves are expected to run out by 2034. If the gap between payroll taxes and cash reserves isn’t resolved, retirees could get lower payments and workers might need to pay more into the system. People arguing “yes” to raising the retirement age say people are now living longer and continuing to work, which could lead to economic growth. Those arguing “no” say that not everyone is able to or can afford to work longer and it’ll mean a large cut in benefits, making the program worse or unhelpful for the next generations.


With this background, we debate: Should the Government Raise the Retirement Age?
Arguing “YES” is Marc Goldwein.

Arguing “NO” is Teresa Ghilarducci

Emmy Award-winning host John Donvan moderates.

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