During the first Republican primary debate of 2024, former South Carolina governor, Nikki Haley, instigated a contentious discussion concerning the possibility of increasing the retirement age for younger Americans. The debate took place on Wednesday, January 13th, as reported by Yahoo Finance.
Haley, in her debate with Jake Tapper, expressed her belief that individuals belonging to younger generations might need to continue working into their 70s due to a potential increase in retirement age.
Haley stated, “They should plan on their retirement age being increased, yes,” combating the opposition from Florida Governor Ron DeSantis, who strongly refused the idea of raising the retirement age.
DeSantis argued that Social Security is not a welfare program, but a fund that workers have contributed to throughout their working lives, emphasizing that retirees should have full access to it.
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The ex-governor of South Carolina reinforced that the proposed increment in retirement age would not affect those who are already retired or close to retirement. She pledged that they will receive their full Social Security benefits at the current retirement age of 67.
This suggestion from Haley has emerged amidst anxieties about the future of Social Security in providing complete benefits. According to the Social Security and Medicare Trustees Reports, by 2033 the fund will only be able to disburse 77% of the total scheduled benefits.
As per a previously published report on CNN Politics, Haley has been vocal about changing the retirement age, especially for Americans currently in their 20s, and limiting Social Security and Medicare benefits for wealthier citizens. Her stance on the politically sensitive issue of entitlement reform has previously resulted in criticism from the former President Donald Trump.
A similar viewpoint can be drawn from a fact-checking report on USA Today, which details a Facebook ad disseminated by the Trump Campaign that criticized Haley’s plans to reform entitlement programs. This proposed change in retirement age has stirred considerable debate, and it remains to be seen how this will impact Haley’s political aspirations.
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This article Working Into Your 70s? Nikki Haley’s Bold Proposal For Retirement Age originally appeared on Benzinga.com
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