Back to today’s briefing

Story perspectives

Retirement Age Increases to 67 Starting 2026

6/30/2025

46 8

Summary

Story summary

Starting in 2026, the Full Retirement Age will rise to 67 for individuals born in 1960 or later, a move by the Social Security Administration aimed at ensuring the program's longevity in the face of an aging population. Retirees can expect average monthly benefits of approximately $1,980, reflecting their work history.

History

Historical Context

The Social Security Amendments of 1983, enacted under President Ronald Reagan, aimed to address funding shortfalls in the Social Security Trust Fund, projected to deplete by 2034. Key changes included gradually raising the retirement age from 65 to 67 and implementing tax adjustments. These reforms reflect ongoing demographic shifts, as the elderly population continues to grow, impacting millions of retirees reliant on benefits.

1 of 2

Story summary

Starting in 2026, the Full Retirement Age will rise to 67 for individuals born in 1960 or later, a move by the Social Security Administration aimed at ensuring the program's longevity in the face of an aging population. Retirees can expect average monthly benefits of approximately $1,980, reflecting their work history.

1 / 2