Social Security chief says he won't hike the retirement age amid the strain of America's aging population and fears of benefit cuts | Fortune
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Social Security chief says he won't hike the retirement age amid the strain of America's aging population and fears of benefit cuts | Fortune
""I think everything's being considered, will be considered.""
""Remember, most people told you and I Social Security wasn't going to be around, and it's going to be around. And so the generations that are coming in will probably have a different set of rules than we had.""
""Let me be clear: President Trump and I will always protect, and never cut, Social Security... Raising the retirement age is not under consideration.""
Social Security leadership clarified that raising the retirement age is not under consideration. An earlier televised remark that "everything's being considered" was walked back and followed by a public clarification reaffirming protection of benefits. The U.S. has varying ages for benefits: full retirement age 66–67, early benefits at 62 with reductions, and Medicare eligibility generally at 65. A clarification posted on X pledged to always protect and never cut Social Security. Coverage emphasized the agency is not pursuing a higher retirement age. Signals from the administration and Congress about fraud reduction, revenue changes, or efficiency measures will indicate whether consensus can be formed without changing the full retirement age. Congressional inaction could lead to benefit cuts of roughly 23%, with options including lifting the payroll tax cap or increasing payroll tax rates.
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