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Kiplinger
Kiplinger
Business
Donna Fuscaldo

Denmark Raised the Social Security Age to 70. Should the US Do the Same?

Older man working .

How to fix Social Security is an ongoing question, with numerous proposed solutions. After all, it’s projected to run out of money in 2033.

If no action is taken at that point, the fund will only cover 77% of the scheduled benefits. The deficit could end up even higher if fertility rates in the U.S. remain low, millions of immigrants who pay into the system are deported and life expectancy continues to increase.

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