‘No one in the US should be retiring at 65’ - Ben Shapiro

[MikeLowrrrey]

https://www.aol.com/finance/no-one-u...111100720.html

‘No one in the US should be retiring at 65’: Ben Shapiro says Social Security was not designed to provide retirement benefits for 20+ years — and those who expect that are ‘crazy’

Americans can start receiving their Social Security retirement benefit as early as age 62. But should they?

According to lawyer and political commentator Ben Shapiro on an episode of “The Ben Shapiro Show,” it’s “insane” that the U.S. hasn’t raised the official retirement age.

“[President] Joe Biden has technically been eligible for Social Security and Medicare for 16 years, and he wants to continue in office until he is 86, which is 19 years past when you would be eligible for retirement,” Shapiro says.

Rather than raise the retirement age, however, Biden’s 2025 budget calls for raising taxes on high-earners to pay for Social Security and Medicare (and prevent a shortfall). But Shapiro says there aren’t enough high-income taxpayers for that.

“Frankly, I think retirement itself is a stupid idea unless you have some sort of health problem,” he says, adding that, once you lose your purpose in life, “things go to hell in a handbasket real quick.”

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‘No one in the US should be retiring at 65’: Ben Shapiro says Social Security was not designed to provide retirement benefits for 20+ years — and those who expect that are ‘crazy’
Moneywise
VAWN HIMMELSBACH
March 23, 2024 at 7:11 AM
‘No one in the US should be retiring at 65’: Ben Shapiro says Social Security was not designed to provide retirement benefits for 20+ years — and those who expect that are ‘crazy’
‘No one in the US should be retiring at 65’: Ben Shapiro says Social Security was not designed to provide retirement benefits for 20+ years — and those who expect that are ‘crazy’More
Americans can start receiving their Social Security retirement benefit as early as age 62. But should they?

According to lawyer and political commentator Ben Shapiro on an episode of “The Ben Shapiro Show,” it’s “insane” that the U.S. hasn’t raised the official retirement age.

“[President] Joe Biden has technically been eligible for Social Security and Medicare for 16 years, and he wants to continue in office until he is 86, which is 19 years past when you would be eligible for retirement,” Shapiro says.

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Rather than raise the retirement age, however, Biden’s 2025 budget calls for raising taxes on high-earners to pay for Social Security and Medicare (and prevent a shortfall). But Shapiro says there aren’t enough high-income taxpayers for that.

“Frankly, I think retirement itself is a stupid idea unless you have some sort of health problem,” he says, adding that, once you lose your purpose in life, “things go to hell in a handbasket real quick.”


But aside from that, Shapiro argues that raising the retirement age makes sense on a fiscal level. Is he right?

Should the retirement age be raised?
According to Shapiro, there’s a straightforward reason the retirement age should be raised: average life expectancy has increased in the last few decades.

Back in 1935, President Franklin Roosevelt established 65 as the “official” retirement age under the newly established Social Security Act. At the time, the average life expectancy in the U.S. was 60.7 years — so, the average American would have been lucky to even reach retirement.

Today, the average life expectancy is closer to 80 — with 76.4 years being the national average.

While you can start receiving your Social Security retirement benefit as of 62, you won’t receive your full benefit until you reach your “full retirement age,” as defined by the Social Security Administration (SSA). You can start receiving Medicare at age 65.

However, the idea that you can work for 45 years and then receive Social Security benefits sufficient enough to support yourself for another 20-plus years is “not fiscally sustainable,” Shapiro believes.

Not only that, but it’s probably not going to be enough to live on — at least not comfortably. The average monthly Social Security check is $1,907, according to the SSA. Over the course of a year, that isn’t much higher than the federal poverty level, which currently sits at $15,060 for individuals.

[wasp9166]

Meanwhile 20 billion given away every other week

Fuk you jew

[-JR]

Forced to put money into a system for 45 years, but it's crazy to retire and take benefits for an average of 11 years? Fuk right off.

[JackyChin]

Yeah better to pay CEOs $100M/yr. They shouldn't be taxed on that, now get back in your cubicle, maybe we'll let you retire when you're 80.

[Manglet]

This kind of rhetoric is only going to accelerate the NEET revolution srs

[Sergis]

benny has taken quite a turn from arguing liberal students

[stevebec]

The retirement is fukt but the disability is fukt more. I just checked my SS statement. I could go on SS disability today (other than the fact that I'm not disabled) and make $200 a month more than if I work the next 6 years and retire at 62.

[GuineaDago585]

benny has taken quite a turn from arguing liberal students

He’s a manlet scumbag.

[naaboo]

Strong. Who is he to decide what someone's purpose is, or how anyone lives their life.

[phaginator]

Lol imagine living in the US, working your whole life to consoooom next product and make the rich even richer.

[Thebigzub]

The retirement is fukt but the disability is fukt more. I just checked my SS statement. I could go on SS disability today (other than the fact that I'm not disabled) and make $200 a month more than if I work the next 6 years and retire at 62.

I know a guy who had a mild stroke and is milking the system blind...all said with what I consider to be $15,000/ just in medical he makes around $40,000 K/year off Government.

[cavillac]

Of course, cut the benefits to the people you're already screwing over massively already with this scam by moving the retirement field goal posts.

One of the biggest parts of the scam I just found out is the buttfuks even tax your social security payments! Single filers with a combined income of $25,000 to $34,000 must pay income taxes on up to 50% of their Social Security benefits. If your combined income is more than $34,000, you will pay taxes on up to 85% of your Social Security benefits.

[nothingshocking]

I've assumed I would get screwed on Social Security since I started working. Just another tax out of my paycheck.

If I get it, it will be bonus income.

[uneducated]

Why does anyone give a fuk what that genocidal manlet Ben Shapiro says? lmao

[HMFIC_BROWSIN]

Go talk to your average 67 year old retiree - they're usually batchit insane absorbing whatever MSM content is in front of their face.

I say let them keep working to prevent insanity.

[Harry362]

If a person is 65 and isn’t ready to retire they have nobody to blame but themselves. SS pays diddly squat and shouldn’t even be factored in your planning

Semi retiring at 55 crew

[Redfish225]

Meanwhile 20 billion given away every other week

Fuk you jew

This^^^

They put other countries before us every day right in front of our eyes.

[BigNik78]

That's his opinion and he's still very young but I'd bet his tune will change when he's older. Maybe not though since he's already set for life. It'd be much easier to fund though if we didn't waste so much on Ukraine and other nonsense like sand fleas on dog faces and alphabet mafia bullchit and ghetto welfare fraud. Forking retarded anti-Anerican pieces of chit in charge. Bring on the gallows and swords.

[teodorkanev1]

So according to Benny boy, there isn't enough money for the Americans who pay their ss 47 years straight, but there's always a spare dime for foreign wars in Middle-Earth

[FrankCostanza]

Guys he's 5'9" tall. His opinion doesn't matter.

[bfdehewdbyywhn]

Jew

[naich]

50% of current boomers have $0 saved for retirement. Of the 50% that have some saved, roughly 25% have enough to live independent of SS and government aid. That's 25% of the largest population demographic that can retire at 65 without suckling from the tit of the guberment. Sad state of affairs from one of the worst generations out there. They are working past 67 for necessity, not passion. Now no one will pass the torch and the millenials and Gen Z'er wont be getting promoted into MGMT jobs. Its a workplace death spiral where you have people working until medical retirement and are still broke, followed by a suppressed income of the younger generation. The entire country loses because you didn't get a 401K in 1993, SAD!

At least 15% of income to IRA/401k no matter what boyos. Nothing more cucked than living your last 20 years fully dependent on a check in the mail that they can manipulate. Worst than perma renters, srs.

[MeSoHawny]

Ben needs your taxes to fund Israel goy

Are you starting to notice yet?

[Kawhilights]

He should stick to making cringe rap songs and building an image that hides his true height of 5’5”.

[BigBallsMcgee]

Ben needs your taxes to fund Israel goy

Are you starting to notice yet?

The vast majority of our taxes are entitlements like social security. Foreign aid is a relative drop in the bucket.

He's not wrong that part of the problem is that if people are going to live significantly longer, we wont be able to fund those longer retirements. thats just math and common sense.

What I dont agree with is that people should WANT to work past 65. of course people want to retire. Wage slaving til death isnt some great thing.

[BigBallsMcgee]

Nothing more cucked than living your last 20 years fully dependent on a check in the mail that they can manipulate. Worst than perma renters, srs.

More cucked is working your azz off and saving your money and then dying of cancer before you even get a chance to use it.

I'd rather get to retirement broke and live off the government than make money I may never see or use.

[MikeLowrrrey]

50% of current boomers have $0 saved for retirement. Of the 50% that have some saved, roughly 25% have enough to live independent of SS and government aid. That's 25% of the largest population demographic that can retire at 65 without suckling from the tit of the guberment. Sad state of affairs from one of the worst generations out there. They are working past 67 for necessity, not passion. Now no one will pass the torch and the millenials and Gen Z'er wont be getting promoted into MGMT jobs. Its a workplace death spiral where you have people working until medical retirement and are still broke, followed by a suppressed income of the younger generation. The entire country loses because you didn't get a 401K in 1993, SAD!

At least 15% of income to IRA/401k no matter what boyos. Nothing more cucked than living your last 20 years fully dependent on a check in the mail that they can manipulate. Worst than perma renters, srs.

You'd think government would teach you proper finances, but no, you're on your own.

What's the gameplan? Everybody dependent on the government teet?