Mitt Romney’s Social Security Plan

Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.

This is nothing new, but a reader points out that Mitt Romney has explicitly endorsed raising the eligibility age for both Social Security and Medicare:

When it comes to Social Security, we will slowly raise the retirement age….We will gradually increase the Medicare eligibility age by one month each year.

The Social Security retirement age is already increasing by statute and will reach 67 in a few years. Apparently Romney wants it to go up to 69 or 70. The actual number he has in mind is unclear (surprise, surprise) but given that he plans to balance Social Security’s books solely by raising the retirement age and slowing the growth of benefits for “those with higher incomes,” I’d put my money on 70. Slowing benefit growth on high earners just doesn’t do enough to let you get away with anything less.

So there you have it. If you’re in your 30s or 40s, Mitt Romney thinks you should work until you’re 70. That might be OK for bloggers and politicians, but I’m not sure how all the dockworkers and haircutters and grocery clerks are going to feel about that. Especially when you consider that life expectancy for these folks has gone up a paltry 1.3 years in the past three decades. It’s the well-off who are living longer, not the lower half of the middle class.

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you'll agree is worth supporting.

payment methods

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you’ll agree is worth supporting.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate