America’s social security system has become increasingly overpopulated, particularly over these past 2 decades. Also, at this moment in time our social security system’s budget is nearly 1 trillion dollars / per year, the most that it has ever been. Whereby, retirement now-a-days rarely ever comes in the form of a private pension plan and almost always comes in the form of social security benefits, today.

But, to be clear, nearly half of all baby boomer retirees... retired through this program. (*Actually 3 out of 5 according to Motley Fool, statistical reference link). Also, for the one’s who actually did create and receive, “a private pension plan,” often times these social security recipients receive BOTH government backed social security benefits and their private pension plans (*to this day).

So, for those reasons I believe that social security benefits should now be made available to people who have;

1. Reached 57 years of age.
2. Have paid into the system throughout their adult lives. Nevertheless, the current age requirement to receive social security benefits in America is 62.

And to re-iterate, I believe that the minimum age requirement for social security benefits should be changed to 57. Furthermore, I believe that this type of legislation would work towards 2 goals;

1. It would create jobs, primarily by allowing senior citizens to retire at 57, leaving additional jobs for younger people. (Grocery store?)

2. This would also allow senior citizens to enjoy more of their lives with an added time frame to pursue other interests, possibly even innovations and small businesses. In turn, this change could also alleviate tensions in the pharmaceutical drug industry which currently provides medication for ailing seniors, most of whom are still on the job well past 57 years old

In conclusion, I believe that by adjusting the age requirement from 62 to 57 years old for seniors to receive social security benefits would be a positive change.

By: William Larsen