Thursday, April 14, 2011

Raising The Retirement Age: Can It Balance Budgets? : NPR

Raising The Retirement Age: Can It Balance Budgets? : NPR

As state and federal lawmakers search for ways to reduce government spending, some economists are urging them to raise the retirement age to ease budget pressures.

If Americans were to work longer, they would pay more in taxes, and at the same time reduce the cost of government pensions and Social Security benefits, according to these economists.

But others disagree. They say the fast-moving 21st century economy doesn't need older workers as much as it needs young workers with the latest job skills.

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