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Joe Biden and Donald Trump have talked about Social Security and whether tolower the retirement age.

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Further, 47% said they would vote for a candidate advocating to lower the retirement age.

Biden and Trump have talked about the retirement age and concerns about the future of Social Security.

Positive Impacts

Lets start with the positive.

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According to a report from theSocial Security trustees boardin May, the agencys reserves will run out in 2035.

Unless Congress takes action, recipients will then only receive 83% of their full benefits.

Workers and employers fund Social Security through payroll tax deductions.

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In addition, having more workers retire early would be a challenge for companies and the American workforce.

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