It is estimated that raising the retirement age to 70 would cut the shortfall by about 36%. But this proposal has some drawbacks. Women and men who have worked jobs that require manual labor all of their lives may not physically be able to do work until they are 70 years old.
Steve IsraelBecause there still exists a significant pay gap, women tend to earn less than men over the course of their lifetimes. Compounding the problem, women tend to spend less time in the workforce than men.
Steve IsraelAs you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.
Steve IsraelOur Nation's immigration laws are disrespected both by those who cross our borders illegally and by the businesses that hire those illegal immigrants.
Steve Israel