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Health and Social Programs

Myths and Facts about Raising the Retirement Age for Social Security

Yesterday's release of the annual Social Security Trustees' Report caused a flurry of media coverage and commentary, including Dean Baker's observation that this year's report predicts much higher future wage growth than prior reports.  In fact, the new report forecasts that annual wages will be 47.8% higher in 2040 than in 2010 (adjusted for inflation).

In the month leading up to the report's release there's been, as CNN describes it, a "red-hot debate over raising the retirement age" for Social Security.  CEPR is helping inform the debate by busting certain myths.

CEPR and / August 06, 2010