MSN: Social Security Hot-Button Topic Among Presidential Hopefuls
Hal M. Bundrick
Social Security is not just a gray-hair issue. Millennials are not only a major force as voters, but the massive generation now comprises the majority of the American workforce. And one thing all workers take note of — all of the deductions from our paychecks. We’re all paying into the Social Security system; the question is: What will we receive in return tomorrow for every dollar that’s taken out of our paycheck today? And when do we get our money back?
Republican presidential candidates are already stirring voters with talk of raising the national retirement age. Presidential candidate and Florida Governor Jeb Bush says Social Security benefits need to be delayed to age 68 or 70.
“So people that already have the supplemental retirement system, which is a contract, I don’t think we violate that. For people that are about ready to be beneficiaries of their supplemental retirement, I don’t think we change that,” Bush said Sunday on CBS’s “Face the Nation.” “But we need to look over the horizon and begin to phase in, over an extended period of time, going from [age] 65 to 68 or 70. And that by itself will help sustain the retirement system for anybody under the age of 40.”