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Social Security could make it easier for those eligible for old age benefits after age 62 to opt in and out of benefit receipt and collect partial benefits.
This pandemic-led downturn has hit older workers especially hard and will likely create long-term employment challenges for them.
The pandemic could upend retirement planning, jeopardizing financial security for the next generation of retirees.
Lawmakers in dozens of states have reduced pension benefits for workers including firefighters and teachers.
Without effective policies in place, raising the EEA or keeping the EEA at 62 and reducing benefits could create hardship for many older Americans.
Late last month, the House overwhelmingly passed the Setting Every Community Up for Retirement Enhancement Act.
By 2029, the US will be home to 14.4 million middle-income seniors. Two-thirds will have chronic health conditions.
Most lawmakers agree that Social Security needs reform, as the program now spends more than it collects.
The retirement outlook differs for well-educated older adults and those without a college degree.
A recent executive order could make it easier for small businesses to set up retirement plans for their employees.

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