America’s CEOs Want You to Work Until You’re 70

Yes, you read that correctly. The Business Roundtable, the Washington lobbying powerhouse whose companies together employ 16 million workers, is suggesting raising the age at which people can get Medicare and full Social Security benefits to 70. (The change wouldn’t affect people who are 55 or older today.) The reasoning: Americans are living longer and the costs of Social Security and Medicare benefits are growing faster than the tax revenue that pays for them.

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