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Trump Administration Mulls Raising Retirement Age to Protect Social Security

The proposal aims to address Social Security's projected insolvency by potentially increasing the retirement age for future beneficiaries.

Summary

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Terms & Concepts
  • Social Security: A U.S. government program that provides retirement, disability, and survivors' benefits, funded primarily through payroll taxes.
  • Retirement Age: The age at which a person becomes eligible to receive full Social Security retirement benefits in the United States.