Why was the retirement age raised to 67?
In 1983, Congress passed legislation that gradually raised the full retirement age for Social Security from 65 to 67. This change, signed by President Ronald Reagan, was primarily a response to shifts in demographics and concerns about the financial stability of the Social Security program. The full impact of this amendment is just now being realized, especially for those born in 1960 or later, making the question "Why was the retirement age raised to 67?" more relevant than ever.