- Recently, several Republican lawmakers have said they want to raise the retirement age for younger generations.
- This is as top Republicans publicly say they oppose social security cuts.
- Research shows that life expectancy is increasing on average, but not across income levels.
President Joe Biden said he would be open to suggestions on how to keep the Social Security Fund solvent.
Some Republicans have ideas on how they can help Generation Z.
Social Security is fast approaching bankruptcy, and the Congressional Budget Office estimates the fund will be unable to make all payments starting in 2019. 2033Social safety net programs such as Medicare and Social Security have been a partisan battlefield for decades between Democrats and Republicans, with Republicans seeking to cut both programs significantly.
While many Democrats are considering taxing high-income Americans to fund programs, a cohort of Republicans postpones the age at which Americans can receive payments from the fund. I would like to
“The life expectancy of the average American is 77,” Louisiana Senator John Kennedy, Said On Fox News this week. “Life expectancy for people in their 20s is probably 85 to 90 years. Does it really make sense to allow people in their 20s to retire at 62 today?”
This is a sentiment echoed throughout the Republican Party, even at the top of the Republican Party, Congress. they insist they are not going to cut Social SecurityRep. Nancy Mace, South Carolina Republican, Said CNN this week said she supports raising the retirement age “unless she’s heading towards retirement right now.”
“We don’t want to rob people who are retiring or heading towards retirement,” she said. If they know what retirement will look like in 40, 50 years, it should be on the table, and it could be.”
According to the Center for Retirement Research, the average retirement age in the United States is now 65 for men and 62 for women. latest data, which is for 2021. Laura Hartzel, Senior Her Fellow at the Century Foundation, a progressive think tank, Said Barron’s said earlier this month, “Life expectancy gains are not shared equally across the population.” High-income Americans are experiencing significant increases in life expectancy, while middle- and low-income individuals report stagnant or increasing life expectancy. Estimate From the National Academy of Sciences, Engineering, and Medicine.
Former Republican South Carolina governor Nikki Haley, who is challenging Biden and former President Donald Trump in the 2024 presidential election, says she supports raising the retirement age for Americans in their 20s, including her own children. rice field.
‘It’s unrealistic not to touch your rights,’ says Hailey Said on Fox News. “The problem is, if you’re an older person or someone nearing retirement, you don’t have to touch it. I’m talking about a new generation, like my kids coming up.”
Republicans are only looking to cut youth
Top Republican leaders are adamantly opposed to claims they may want to cut the program, even though cuts are outlined in the Republican Study Commission’s 2023 budget proposal. The cuts were used as a bargaining tactic by far-right lawmakers in the House, ultimately electing Rep. Kevin McCarthy as Speaker of the House.
Republicans are walking a fine line between pushing for spending cuts they want without alienating older voters McConnell alluded to. I warn you not to.
“We cut waste, fraud and abuse wherever we can find them, and there is a lot,” he said at a Conservative political action conference last week. “But don’t cut the benefits our seniors have worked and paid for their entire lives. Save Social Security, don’t destroy it.”
Cutting Social Security and Medicare is generally unpopular.and The Economist/YouGov Poll Of 1,500 adults in January, only 17% of Americans said they supported Congress cutting spending on these programs.
Biden remains adamant about yielding to any cuts.
“When I pointed out that some Republicans were talking about repealing Medicare, they said, ‘No, no, no,'” Biden said. Said PBS NewsHour following his State of the Union address. “I said, ‘Okay. Does that mean you all support Medicare? All hands up.’ They all raised their hands. So guess what? I We’ve accomplished something. Unless they break their promises, there will be no cuts to Medicare or Social Security.
The White House continues to criticize Republicans for being publicly inconsistent about their Social Security and Medicare goals.
White House Deputy Press Secretary Andrew Bates told an insider in January:
“Unless Medicare and Social Security can be cut, Republicans in the House plan to reverse the job growth we are experiencing right now, triggering a crisis that will kill businesses and destroy the 401ks…”
It’s just as Republicans like Kennedy and Haley are looking for room to wiggle when it comes to young Americans, and are critical of Biden’s refusal even for that.
“President Biden completely took the issue off the agenda,” Kennedy told Fox. “He says he fixed it on budget, but that’s nonsense. Total nonsense.”