If either the age for eligibility of social security is just raised and or there is a [View all]

[WCGreen]

reduction of benefits for those who retire early, think about what unforeseen outcomes will occur.

For instance, since most retirees spend their money, then the reduction of benefits will cause smaller growth in the economy.

Then if they raise the eligibility age by two years, that means two more years of seniors being active in the workforce. That brings up two outcomes, younger workers will have even more competition to get a job and, least we forget, those working at the end of their work life are earning a top wage vs the lower starting rate of those entering the workforce.

I think someone should run a cost analysis in order to support or debunk these outcomes.