Potential GOP presidential candidate Jeb Bush has said the retirement age for Social Security should be pushed back another half decade.

In an appearance on Sunday's "Face the Nation," Bush said that Americans shouldn't be able to collect full benefits at age 65, but should have to wait till age 68, or even age 70.

"I think it needs to be phased in over an extended period of time," he said of the proposal, adding, "We need to look over the horizon and begin to phase in, over an extended period of time, going from 65 to 68 or 70. And that, by itself, will help sustain the retirement system for anybody under the age of 40."

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