November 2nd 2017 – By: William Larsen – Civilians News – “News For All Views”
– Why Social Security Retirement should be made available at 57 years old, Instead of 62 –
The social security system is abundantly overpopulated, by retirees today…. Furthermore, at this very moment, the social security system’s budget, is nearly 1 trillion dollars per year. In fact, retirement now-a-days, is rarely in the form of private pensions and almost always comes in the form of social security benefits.
In fact, nearly half…. of all baby boomer retirees, retired on this very program. (Actually 3 out of 5 according to Motley Fool, statistical reference link). Furthermore, those who do actually create and receive, “a private pension plan,” often times, ALSO, end up collecting social security benefits, on top of their pension plans (to this day).
For these reasons, I believe social security benefits, should be made available to those who are 57 years of age, and have paid into the system throughout their adult lives. Nevertheless, the current minimum age to receive social security benefits, remains 62 years old.
For this reason, I believe the minimum age requirement to collect social security, should be lowered from 62 to 57.
I believe this type of legislation, would work towards 2 goals….
- It would create jobs, by allowing senior citizens to retire at 57, leaving additional jobs for younger people.
- This would also allow many senior citizens to enjoy more of their lives, with an added time frame to pursue other interests, possibly even innovations and small business’. In turn, this could also alleviate tensions in the pharmaceutical industry, which currently provides medication, for ailing seniors….
I’ve previously written several articles about, “cutting the social security budget altogether,” however, I find this proposition to be both; pertinent and progressive.
By: William Larsen