This is one of Washington, D.C.’s more disagreeable conceits. The people wandering around calling for a higher retirement age will never feel the bite of the policy. Think tankers and politicians and columnists don’t retire at age 62, or even age 65. They love their work, which mostly requires sitting down in air-conditioned rooms. They stick around pretty much until they’re about to die.
The courage it takes to call for a higher retirement age is the courage to say that other people who don’t have it as good as you do should be the ones to pay to shore up Social Security. It’s the same kind of courage as a poor person calling for higher taxes on the rich, or a sitting congressman calling for a war he’ll never have to fight in.
Meanwhile, you could do more to erase Social Security’s shortfall by simply lifting the payroll tax cap. A lot more. According to the Congressional Budget Office, raising the federal retirement age to 70 would solve about half of Social Security funding problem, while lifting the payroll tax cap would solve all of it.