The Great Recession blew a hole in many US citizen savings, and their free time wasn’t much fun without cash to visit beautiful places, buy a new car or even purchase a nice clothes or so.
Increasing annual Social Security income by working longer, until at least age 70 will improve financial security more than anything else most people can safely accomplish. Also, getting more people to work later in life could help blunt the impact of the graying population on the nation’s finances. According to Trent Gillies, “Nearly 20 percent of people age 65 plus are still working full or part-time — the highest rate since 1962”.