Why Dr. Oz Wants Americans to Retire Later

Mehmet Oz, administrator of the Centers for Medicare and Medicaid Services (CMMS), is working to persuade Americans that they should postpone retirement for one year. The question is whether they will buy it.

He has repeatedly said delaying retirement — a fraught decision for millions, especially lower earners who have& undersaved for it — marks physical vigor, and could help grow the economy or reduce the national debt.

Getting the average American to work one year longer by starting earlier or retiring later would generate about $3 trillion for the economy because "they feel healthy; they're vital; they feel strong; they have agency over their future," Oz said at the National Press Club last Monday.

Please select this link to read the complete article from The Washington Post.