First published on Social Security is About to Change: New US Retirement Age Proposed
Changes to Social Security are being proposed to raise the full retirement age from 67 to 70, aimed at ensuring the program’s long-term solvency. This change could result in lower benefits for early retirees and higher monthly payments for those who wait until 70. The proposal reflects longer life expectancies but could disproportionately affect lower-income workers. Understanding the impact of these changes is essential for planning your retirement.
