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Raising Retirement Age to 70 | Raleigh News
Social Security’s trust fund could vanish by late 2032 unless drastic action is taken—like raising the full retirement age to 70. Those born after 1981 would hit that age for full benefits, while others see incremental increases tied to birth year. Early filing penalties would spike, widening the gap between early and full retirement. While longer lifespans justify the change, disparities persist: wealthier folks live longer, while manual laborers may struggle to work until 70. The plan’s appeal? It hits future retirees, not today’s workers. But the real cost? Younger generations—especially…
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