It went into effect in 2022 because that’s the year that people born in 1960 turned 62.
And for full benefits, 2027 will be the year they turn 67. But that schedule is on the books already.
My thoughts are that the age for benefits should go up as the percent of people over a certain goes up. That encourages people to work more, which makes them less dependent on SS and puts more money into SS.
I don’t plan to draw on SS until 70, when the monthly payments are higher. If I live long, I’ll get more money over time that way. If I don’t live long, I won’t care ‘cause I’ll be dead.
You can all argue about when the last changes became law or were effective but I like to see what the future holds. 2023 will be an interesting year for SS. I'll stay out of the politics but they will (as they usually do) decide what will happen to the program.
I was born in '61 and they passed that law in 1983, no surprise here. At the time I remember thinking "Who cares?" because being in my 60's seemed inconceivable to me. And now, here I be! Enjoy it youngsters as it goes by fast. My older sister was born 12/23/59. Cha-ching!
Work in corporate American and a startling amount of retirees die after a few months of leaving the work force. I’ll just enjoy being a hard working millennial. No guarantees in this life.
You sound like it. Shallow.
There are guarantees in this life. You have to leave america to have them. See: the developed world
You can't bury your head and pretend working into the grave is acceptable or normal. That's selfish perspective too. Think about people worse off than you, not just you
Yeah? What is the startling percentage of americans that die months after they stop working? If it's bigger than the amount that continue living, you'll have the point you haven't made yet.
If you wait till 67, it takes "approximately" 8 years of making more money per month to make up what you didn't make from age 62-67. Of course you have to do your own math.
You can all argue about when the last changes became law or were effective but I like to see what the future holds. 2023 will be an interesting year for SS. I'll stay out of the politics but they will (as they usually do) decide what will happen to the program.
The caption behind Biden is whack. "fighting for workers" Wow.
SS is doomed.
Biden has been a career republican, against unions his entire life and has said umpteen times, SS needs to be cut, along with medicare. He has been against average american for decades.
He wrote america's mass incarceration laws, first for Regan then Clinton (Nixon wrote the first drug war, Biden wrote the first mass incarceration war). Biden has voted for every war and pushed to start new fake ones. Mass incarceration and wars are his crowning achievements. He was against gay rights until about last week.
If I was republican, I would be voting for Joe Biden in 2024.
SS has no chance in 2023. republicans move right and Biden's literally pushing them further right.
The social security 2100act mentioned in your marketwatch article will be shot down by congress. No chance for a payroll tax, not from republican Biden or his cronies.
Have to wait until boomers die off before the dust settles. Thanks for the article.
Ukraine (Ukrainian: Україна, romanized: Ukraïna, pronounced [ʊkrɐˈjinɐ] (listen)) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine cov...
Ukraine has the world's second-largest Eastern Orthodox population, after Russia.[315][316] A 2021 survey conducted by the Kyiv International Institute of Sociology (KIIS) found that 82% of Ukrainians declared themselves to be religious, while 7% were atheists, and a further 11% found it difficult to answer the question.[317] The level of religiosity in Ukraine was reported to be the highest in Western Ukraine (91%), and the lowest in the Donbas (57%) and Eastern Ukraine (56%).[318]
In 2019, 82% of Ukrainians were Christians; out of which 72.7% declared themselves to be Orthodox, 8.8% Greek Rite Catholics, 2.3% Protestants and 0.9% Latin Rite Catholics. Other Christians comprised 2.3%. Judaism, Islam, and Hinduism were the religions of 0.2% of the population each. According to the KIIS study, roughly 58.3% of the Ukrainian Orthodox population were members of the Orthodox Church of Ukraine, and 25.4% were members of the Ukrainian Orthodox Church (Moscow Patriarchate).[319]
According to a 2018 survey by the Razumkov Centre, 9.4% of Ukrainians were Byzantine Rite Catholics and 0.8% were Latin Rite Catholics.[320] Protestants are a growing community in Ukraine, who made up 1.9% of the population in 2016,[320] but rose to 2.2% of the population in 2018.
I was born in '61 and they passed that law in 1983, no surprise here. At the time I remember thinking "Who cares?" because being in my 60's seemed inconceivable to me. And now, here I be! Enjoy it youngsters as it goes by fast. My older sister was born 12/23/59. Cha-ching!
Damn. born in 61'. unlucky AF.
They can always change it later, for the worse. We are bleeding in debt and making more debt. doesn't look good.
Ukraine has the world's second-largest Eastern Orthodox population, after Russia.[315][316] A 2021 survey conducted by the Kyiv International Institute of Sociology (KIIS) found that 82% of Ukrainians declared themselves to be religious, while 7% were atheists, and a further 11% found it difficult to answer the question.[317] The level of religiosity in Ukraine was reported to be the highest in Western Ukraine (91%), and the lowest in the Donbas (57%) and Eastern Ukraine (56%).[318]
In 2019, 82% of Ukrainians were Christians; out of which 72.7% declared themselves to be Orthodox, 8.8% Greek Rite Catholics, 2.3% Protestants and 0.9% Latin Rite Catholics. Other Christians comprised 2.3%. Judaism, Islam, and Hinduism were the religions of 0.2% of the population each. According to the KIIS study, roughly 58.3% of the Ukrainian Orthodox population were members of the Orthodox Church of Ukraine, and 25.4% were members of the Ukrainian Orthodox Church (Moscow Patriarchate).[319]
According to a 2018 survey by the Razumkov Centre, 9.4% of Ukrainians were Byzantine Rite Catholics and 0.8% were Latin Rite Catholics.[320] Protestants are a growing community in Ukraine, who made up 1.9% of the population in 2016,[320] but rose to 2.2% of the population in 2018.
I don't have a side here but to be fair you need to post the "Early Life" section of Zelenskyy's page too.
The very article you linked says the main reason to take SS at 62 is if you have health issues.
And that article says there are also reasons to wait until 70, if you feel you will live into your 80s or 90s.
except nobody knows when they are going to die. when you are 60+, you can die any day from any thing.
Yeah, work at 68, trying to hold out until 70, then get shot in a mass shooting in america.
Too many kill-you / bankrupt-you variables in america to wait it out, mostly healthcare related, which america has inferior outcomes in, in almost every category compared to universal healthcare countries. Waiting those extra years means you can go medically bankrupt should something medical arise from 62 -70. america leads in obesity, folks.
By taking benefits at 62 (and retiring), at least you started living before you went bankrupt or died. And there's the diaper years of bed sores. These are not the years to cherish! They're ones you will be drugged out of your mind in a prescription drug cascade, sapping your family dry. 62 - 70 are relatively mobile years and lots can be done during that time, travel, vacations, life. No need to waste your best years working.
If it was another country, sure. keep working until 70. There are less ways to die and go bankrupt in those nations.
But not in america. 62 is it, if you have the choice to retire at 62.
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