The real Social Security retirement age is already 70

10/25/2013 8:00am by Gaius Publius

A Quick Hits piece, and a nice catch from Alicia H. Munnell at MarketWatch. The actual, real, functional retirement age for Social Security is … 70 years old. The logic is impeccable.

Your bottom line — The full Social Security benefit is pegged to a “retirement age” that’s many years after most people retire.

Your other bottom line — Who needs a Grand Bargain? You’re already being screwed by Social Security. Thanks to every Democratic and Republican politician who keeps taxes low for Your Betters.