: Haley, Christie open to raising Social Security retirement age

by | Nov 8, 2023 | Stock Market

Social Security’s pending insolvency grabbed attention at the Republican presidential debate Wednesday night, with some candidates saying they would be willing to raise the full retirement age for young people just starting out. “We have to raise the retirement age,” said former New Jersey Gov. Chris Christie. “I have a son who’s in the audience tonight, who’s 30 years old. If he can’t adjust to a few years increase in Social Security retirement age over the next 40 years, I got bigger problems with him than his Social Security payments.”

Also see: ‘Rich people should not be collecting Social Security,’ Chris Christie says at GOP debate Nikki Haley, the former South Carolina governor, said promises to current older adults must be kept, but young people just starting out should see higher retirement ages. “What we need to do is keep our promises, those that have been promised should keep it,” Haley said. “But for like, my kids in their 20s, you go and you say ‘We’re going to change the rules.’ You change the retirement age for them.” Currently, the full retirement age is 67 for those born in 1960 or later. Read: Social Security is now projected to be unable to pay full benefits a year earlier than expected Haley declined to cite a specific age that retirement should be raised to, but said it should reflect longer life expec …

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