Is it reasonable to raise the retirement age in California (where people live longer) and lower it in Texas where they don’t live quite such a long life? It feels off, I think, people will then move to Texas because they can retire earlier.
My guess would be no. Since social security is federally accessible, so I could easily see people just move to Texas a few years earlier from California to get around the age difference.
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Remember this when they say they want to raise the retirement age.
Is it reasonable to raise the retirement age in California (where people live longer) and lower it in Texas where they don’t live quite such a long life? It feels off, I think, people will then move to Texas because they can retire earlier.
My guess would be no. Since social security is federally accessible, so I could easily see people just move to Texas a few years earlier from California to get around the age difference.