Social Security Retirement Age Rises in 2022
Update: 2025-11-18
Description
In 2026, Social Securitys full retirement age will reach its final increase, settling at 67 for those born in 1960 or later. This change, part of a 1983 overhaul, has gradually raised the full retirement age from 65, affecting baby boomers, Gen X, and future generations. Max Richtman, CEO of the National Committee to Preserve Social Security and Medicare, highlights the impact on lifetime benefits and the challenges of saving more for retirement due to stagnant wages and rising costs. The gap between expected and actual retirement ages, often due to job loss or health issues, may explain why many retirees claim Social Security earlier, despite lower monthly benefits.
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