Los Angeles Times

More evidence that raising the Social Security retirement age is no problem for the rich, but tough on the poor

Washington wonks love to portray raising the retirement age for Social Security as a painless "fix" for the program's finances.

After all, the thinking goes, the near-retired can be exempted from the increase, and since Americans on average are staying healthier into their later years, working longer and living longer in retirement, holding off retirement benefits is not only fair, but from a fiscal standpoint essential.

But a new study punctures this argument with stark data showing that within the average there are winners and losers - mostly distinguished by household

You’re reading a preview, subscribe to read more.

More from Los Angeles Times

Los Angeles Times4 min read
Tyler Glasnow Dominates And Max Muncy Hits Three Home Runs In Dodgers’ Blowout Win
LOS ANGELES — As much as it pained Kyle Snyder to see Tyler Glasnow traded from Tampa Bay to the Los Angeles Dodgers last December, the Rays pitching coach predicted the move would benefit the 6-foot-8 right-hander from Santa Clarita. “I genuinely th
Los Angeles Times2 min read
California Roads Damaged By Storms Could Get Help With Gov. Newsom's Emergency Declaration
LOS ANGELES — Gov. Gavin Newsom proclaimed a state of emergency Friday to help fund badly needed repairs of roads battered during this year's storms, including scenic Topanga Canyon Boulevard that was blocked by millions of tons of debris. The govern
Los Angeles Times2 min read
Bodies Found In Baja California During Search For Missing Tourists, Mexican Officials Say
MEXICO CITY — Mexican officials said three bodies have been found in the same remote stretch of Baja California where two Australian brothers and their American friend went missing last week while on a surf trip. The bodies were recovered south of th

Related Books & Audiobooks