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Maine Center for Elder Law Blog

Friday, November 19, 2010

AP Exclusive: Raising retirement age hurts poor

WASHINGTON – Raising the retirement age for Social Security would disproportionately hurt low-income workers and minorities, and increase disability claims by older people unable to work, government auditors told Congress.

The projected spike in disability claims could harm Social Security's finances because disability benefits typically are higher than early retirement payments, the Government Accountability Office concluded.

The report, obtained by The Associated Press ahead of its scheduled release Friday, provides fodder for those opposed to raising the eligibility age for benefits, as proposed by the leaders of President Barack Obama's deficit commission.

To read the full article, click here:  http://news.yahoo.com/s/ap/20101118/ap_on_bi_ge/us_social_security_retirement_age


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