A book titled ‘The America We Deserve’ by Donald Trump once advocated raising the retirement age to 70.
Nikki Haley, a contender for president, and other conservative politicians and policymakers have suggested raising the retirement age and altering the Social Security system recently.
Retirement Age Increase Plan of Donald Trump
However, Mr. Trump has singled out Florida Governor Ron Desantis for criticism due to his legislative track record on benefits-related issues, which would have resulted in a significant increase in the Retirement Age.
The freshly indicted former President has criticized Mr. DeSantis despite calling Social Security a Ponzi scheme and advocating raising the retirement age to 70. He has also called for raising the retirement age.
The most obvious solution to the Great Social Security Crisis is to allow every American to deposit a portion of their payroll taxes to a personal Social Security account that they could control and invest in stocks and bonds.
In 2016, when seeking the Republican nomination, Trump reaffirmed his stance against changing entitlement programs, declaring his administration would not do so.
According to the Independent Center for Budget and Policy Priorities, a budget from Trump’s White House did eventually call for cutting Medicare spending, but such reductions would mostly affect doctors and hospitals.
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Statistics of Social Security Administration
In the same breath, Trump stated that entitlement cuts will eventually be on the table in an interview that he later walked back.
In a January 2020 interview with CNBC, Trump remarked, “At some point they will be,” and those words were in a rebuttal advertisement released last week by a super PAC backing Ron DeSantis’ future presidential run.
According to the Social Security Administration’s (SSA) most recent statistics, 63 million people receive Social Security benefits.
The majority of Americans currently have a full retirement age of 67, but those who were born before 1960 may have a different full retirement age.
Read more: Maximizing Your Social Security Benefits: Tips For Qualifying For A Bonus
