Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Contact

Alan Barber, (202) 293-5380 x 115

Press Release

Social Security and the Age of Retirement

WASHINGTON -

A new report released by the Center for Economic and
Policy Research (CEPR) shows that the increase in life expectancy in the
U.S. over time has had a two-fold effect. For younger workers,
increased longevity and higher productivity will permit longer
retirements. But the decision to raise the retirement age from 65 to 67
took back much of these gains for a generation of workers.

"For women in particular, the
increase in working years means that they will see a length of
retirement virtually the same as their parents." said David Rosnick, an economist at CEPR and author of
the report.

The study, "Social Security and the Age of Retirement,"
demonstrates that, historically, life expectancy at birth is not an
accurate indicator of how working lives and retirements both have grown
over time.

The analysis suggests that a lengthier retirement does
not necessitate raising the retirement age or direct cuts in Social
Security.

###

CEPR logo

The Center for Economic and Policy Research (CEPR) was established in 1999 to promote democratic debate on the most important economic and social issues that affect people’s lives. In order for citizens to effectively exercise their voices in a democracy, they should be informed about the problems and choices that they face. CEPR is committed to presenting issues in an accurate and understandable manner, so that the public is better prepared to choose among the various policy options.

'All He Has to Do Is Sign': Group Crafts Executive Order for Biden to Cancel All Student Loan Debt

"With the stroke of a pen, Biden could grant tens of millions of Americans a semblance of financial freedom."

Jake Johnson, staff writer ·


Rich Nations' Vaccine Pledge Includes Just 613 Million New Doses—Well Short of Promised 1 Billion

"A single factory could produce this number in a year if you waived patents."

Jake Johnson, staff writer ·


Ocasio-Cortez Says 'Elephant in the Room' Is Senate Democrats Blocking Their Own Party's Agenda

"The argument that we need to make here," the New York Democrat said of bipartisanship's dead end, "is that it's worth going it alone if we can do more for working people in this country."

Jon Queally, staff writer ·


On Climate and Covid-19 Emergencies, G7 Judged a 'Colossal Failure' for All the World to See

"Never in the history of the G7 has there been a bigger gap between their actions and the needs of the world. In the face of these challenges the G7 have chosen to cook the books on vaccines and continue to cook the planet."

Jon Queally, staff writer ·


NYC Mayoral Candidate Eric Adams Rebuked for 'Dangerous' 400-Students-to-1-Teacher Theory

"Defunding schools to the point that we have a 400:1 student-to-teacher ratio so we can bankroll another huge expansion in an already-multibillion dollar police budget," said Rep. Ocasio-Cortez, "is how you build a school-to-prison pipeline."

Jon Queally, staff writer ·