“The government will most likely choose between the options of reducing benefits or raising Social Security taxes to ensure there will be money for future generations,” Campbell said.
He believes the retirement age may go up as a result of these Social Security problems.
“The current age for people to retire now is 66,” he said. “For people who were born after 1960 or later will find themselves retiring at ages 67 or 68.”
Thursday, January 22, 2009
Social security is here to stay
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