Why shouldn’t the retirement age be raised?

A few reasons. The first thing to understand is that raising Social Security’s full retirement age from 67 to 69 would amount to a 13% across-the-board benefit cut, no matter what age an eligible worker retires. What’s more, raising the retirement age would be especially unfair to low-income workers and minorities, who are more likely to work in physically demanding jobs. In fact, it could make many low-income workers, who have seen few or no gains in life expectancy in recent decades, work until they die. Finally, raising the retirement age discriminates against the growing number of elderly unemployed, who have a much harder time finding new work after being laid off. A more detailed fact sheet is available here.