I wonder if another avenue might be to permit partial retirement via allowing people to draw a prorated share of their Social Security to subsidize remaining with a current employer but perhaps in a part-time role. Currently, there are very strict income limits for those who draw SS before full retirement age (67 years old for my generation). With the growing dearth of young people and labor-force participation stuck in the doldrums, we need to find ways to keep the older yet very productive people - in the first half of their 60s in particular - engaged. It would be good for society, the economy and for individual well-being.
I wonder if another avenue might be to permit partial retirement via allowing people to draw a prorated share of their Social Security to subsidize remaining with a current employer but perhaps in a part-time role. Currently, there are very strict income limits for those who draw SS before full retirement age (67 years old for my generation). With the growing dearth of young people and labor-force participation stuck in the doldrums, we need to find ways to keep the older yet very productive people - in the first half of their 60s in particular - engaged. It would be good for society, the economy and for individual well-being.