"It is estimated that raising the retirement age to 70 would cut the shortfall by about 36%. But this proposal has some drawbacks. Women and men who have worked jobs that require manual labor all of their lives may not physically be able to do work until they are 70 years old"

This quote by Steve Israel is discussing the potential impacts of increasing the retirement age to 70. It is approximated that this would minimize the shortfall by 36%, however, this proposition has some disadvantages. Those that have worked in manual work tasks their whole lives may not be literally able to continue functioning up until they are 70 years old. This might be a significant issue for those that have actually worked in physically requiring jobs, as they might not be able to proceed functioning till they are 70. This might result in a decline in their lifestyle, as they may not have the ability to retire and appreciate their later years. Furthermore, this can cause a reduction in the labor force, as those who are incapable to function till they are 70 may not have the ability to add to the labor force. As a result, while elevating the retirement age to 70 might lower the shortfall, it could likewise have some adverse impacts.