according to accountants and budget experts, the us can save a lot of money in the federal budget if it raises the official retirement age from 65/67 to 74. what are the advantages and disadvantages of doing this? for example, raising the minimum age for medicare eligibility from 65 to 74 all by itself would shave nearly a trillion dollars from the annual budget. doing the same for social security (67 to 74) would be a budgetary miracle. should we go ahead and do this?
United States