Pushing back retirement age to 70 would be harder on low-income workers
It sounds like a simple fix to the nation’s immense problem of funding Social Security and Medicare for an aging country — just get everyone to work to 70 and the math works out a lot better.
But this idea, despite being embraced by a number of politicians, has a long way to go. It’s being challenged in academic circles as a new form of inequality. This one has been dubbed “longevity inequality.”