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WASHINGTON — The American Academy of Actuaries, which advises policymakers, plans to suggest that the government rescue Social Security by raising the retirement age from the current range of 65 to 67 years old. The group plans to make the recommendations Monday.
When Social Security started in 1935, the average American’s life expectancy was just less than 60 years, according to the Social Security Administration. People now eligible for Social Security can expect to live on average a little past 76, the agency says.
