Why Your Kids Will Likely Work Longer Than You

When the Social Security Act was signed into law in 1935, life expectancies were far shorter than they are today. According to an article by MoneyWise, “In 1940, if you made it to 65, you could expect to live another 12.7 years (for men) and 14.7 years (for women).” But the Social Security Administration’s life expectancy calculator today shows that if you turn 65 this year, men will live an additional 19.2 years and women another 21.8 years.

So, with Americans living longer, experts tend to believe raising the retirement age “is inevitable.”

The Seniors Trust is committed to improving the financial well-being of America’s retirees through passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA) and increased minimum benefits. This bill will also ensure the long-term solvency of the Social Security program – making sure it is available to all who need it.