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Friday, October 15, 2010

postheadericon Carrots and sticks for longer working lives

There’s no need to force people to work longer by raising Social Security’s retirement age. Many Americans already are doing so â€" by choice.  

President Obama’s debt commission appears set to recommend a gradual increase in Social Security’s retirement age, perhaps to 70, to help bring the system’s finances into long-term balance. But why use sticks when carrots could do? Making it easier and more appealing for more people to keep working could help balance the system’s books while minimizing any benefit cuts.

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