A law passed in 1983 will increase the full Social Security benefits age for Americans again next year. The increase is designed to match rising life expectancy. This change affects people’s retirement plans as it adjusts the number of years worked and income considered when determining full retirement age.
Full retirement age varies based on an individual’s work history and earnings, according to the Social Security Administration. As a result, those eligible for benefits will need to review their calculations to ensure they’re prepared for the change.
Source: https://www.seattletimes.com/business/social-securitys-full-retirement-age-will-jump-in-2025-when-can-you-collect-your-full-benefits