The President of the United States of America attacked Republicans for raising the retirement age to 70 years old. Biden said it can affect the benefits of it people.
Biden Attacks Republicans for Raising Retirement Age Plans
President Joe Biden attacked Republicans for raising the retirement age plans and cutting two entitlement programs. The president claims that it can affect and benefits its people. Also, the White House did not agree on cutting two programs and raising the retirement age plan to 70 years old.
Joe Biden states in his State of the Union address, that happens previously that Republicans want to cut Social Security and Medicare. Fourth, Biden also proposed the same proposal sunsetting the two entitlement programs. He then proposed the raising of retirement age plan but the White House did not support forth.
Raising the Retirement Plan to 70 and What Are the Effects
Retirement plan program helps people to sustain their life when they retire from their job. It could be an investing plan and financial backups for them to able to sustain. It allows them to grow their money with some tax advantages.
If it is raised at age 70, it could be a big problem for people. They can tend to die before receiving their retirement fees. Also, people possibly will work until they turned 70. Based on the study, people age mid 50 up tends to start receiving illnesses and diseases.